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Ukrainian American Bar Association

NBU extends the term of foreign lender loans prepayment prohibition

26 Jun 2015 1:20 PM | Anonymous

By its Resolution No. 354, effective as of 4 June 2015, the National Bank of Ukraine (the "NBU") extended the term of the prohibition of early repayment of loans provided by non-resident lenders until 3 September 2015 (inclusive). According to Resolution No. 354, the NBU shall not register amendments to loan agreements with non-resident lenders reducing the term of fulfillment of the resident borrowers' obligations under such loan agreements or providing for early fulfillment of obligations thereunder.   Asters Newsletter.   Read More

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