Book traversal links for Article (111): Requesting Intervention in Lawsuits and Judicial Proceedings and Notification of Investigations
Article (111): Requesting Intervention in Lawsuits and Judicial Proceedings and Notification of Investigations
Fed Law 14/2018 Issued on 1/10/20181) Without prejudice to the provisions of the Civil Procedures Law, the Central Bank may request intervention in any lawsuit filed before judicial authorities to which a Licensed Financial Institution is party.
2) Law enforcement and other concerned authorities shall notify the Central Bank of any investigations or proceedings initiated against Licensed Financial Institutions. The Central Bank may provide such authorities with any clarifications, statements, or information it deems appropriate in this regard.