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"Univer Capital" broker appealed to the Central Bank with a request for reorganization

Central Bank of Russia received an appeal from the “Univer Capital”. A well-known broker, part of the investment group of the same name, faced the threat of bankruptcy. However, the Central Bank stated that Russian legislation does not provide for a mechanism of reorganizing private firms. In a letter cited by Interfax, representatives of the firm note the risk of subsequent rolling bankruptcy of investors,...

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