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.
According to Humberto López, a Cuban television journalist, who shared the news on Facebook, the Caribbean nation received the notification of this decision on Monday.
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.
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.
López 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.
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.
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.
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.
As emphasized in the journalist’s post, Cuba is not involved in the process and is not connected to the vulture fund.
In this sense, the English Court confirmed as of April 2023 that CRF is not a creditor of the Cuban government.
