Citing a deputy head of the State Guarantee Fund

Citing a deputy head of the State Guarantee Fund, which compensates the depositors of failed banks, the new law would speed up the process resolving disputes between owners of insolvent banks and the state, and would stipulate that no court can prevent the state from selling assets of insolvent banks, even if the insolvency were later found to be unlawful. Between 2012 and October 2019 the authorities spent the hryvnia equivalent of $3.4 billion to compensate depositors of failed banks, according to the Guarantee Fund.