The UK Supreme Court has refused to entertain the appeal filed by the National Bank of Cuba against the decision in its legal dispute with the speculative fund CRF.<\/p>\n\n\n\n
According to Humberto L\u00f3pez, a Cuban television journalist, who shared the news on Facebook, the Caribbean nation received the notification of this decision on Monday.<\/p>\n\n\n\n
The position is founded, as several reports indicate, on the premise that the appeal does not raise a question of disputed legal principle or of public interest.<\/p>\n\n\n\n
Following the Court’s decision to retain the Cuban Bank in the proceedings regarding alleged non-repayment of loans to the Vulture Fund, as designated by the Antillean government, the decision was challenged in the highest court of the European nation.<\/p>\n\n\n\n
L\u00f3pez stated that, as has been the case throughout this legal procedure, there has been a substantial amount of false and inaccurate information regarding its progress and consequences.<\/p>\n\n\n\n
One of the most prevalent misconceptions in this context is that Cuba has failed in this endeavor and the English courts have pronounced judgment against the Cuban government.<\/p>\n\n\n\n
It is also a falsehood that Cuba must pay substantial sums, with the Vulture Fund acting as a creditor to the island and its National Bank.<\/p>\n\n\n\n
Similarly, it is not accurate to assert that CRF is a serious economic entity and asserts its legitimate rights, solely with the purpose of recovering a valid debt and without any intention to harm Cubans.<\/p>\n\n\n\n
As emphasized in the journalist\u2019s post, Cuba is not involved in the process and is not connected to the vulture fund.<\/p>\n\n\n\n
In this sense, the English Court confirmed as of April 2023 that CRF is not a creditor of the Cuban government.<\/p>\n","protected":false},"excerpt":{"rendered":"
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