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Article: CONSTITUTIONAL COURT APPROVES COMPROMISING BANK SECRECY TO COLLECT FINES
- Article from:
- Info-Prod Research (Middle East)
- Article date:
- May 15, 2003
CopyrightCopyright 2003 Info-Prod Research (Middle East). Provided by ProQuest LLC. (Hide copyright information)
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The Constitutional Court on 14 May upheld an article in the law on
bailiffs authorizing bailiffs to demand information about the bank
accounts of citizens and legal entities, Interfax reported. Banks
have generally refused to disclose information about their clients'
accounts, prompting bailiffs to fine bank managers for not complying
with their efforts to enforce court orders. But courts in several
regions have handed down contradictory rulings on whether banks must
release ...