The Court of Appeals gives the right to the decision of the CBK for KS “Kosova e Re”

The Court of Appeals has approved the appeal of the Central Bank of the Republic of Kosovo regarding the decision of the Basic Court in Prishtina to postpone the execution of the liquidation of the insurance company “Kosova e Re”.

The Panel of the Court of Appeals has assessed that the court of first instance did not take into account the legal provisions of Article 76 of Law No. 03 / L-209 on the Central Bank of the Republic of Kosovo, which determines the immunity of the Central Bank from imposing of an interim court measure.

Therefore, the liquidation process of KS “Kosova e Re” continues in accordance with the decision of the CBK to revoke the license according to the provisions of applicable legal provisions.