Disputes with Deposit Insurance Agency (DIA)

In January 2004, after adoption of the Federal Law dated December 23, 2003 No.177-FZ “On Insurance of Deposits of Natural Entities with the Banks of the Russian Federation”, State Corporation “Deposit Insurance Agency” (“DIA”) which refunds depositors in case of revocation of the bank’s license, initiation of insolvency proceedings (bankruptcy) of the bank and in other cases specified in the law was established.

Since at the present moment the Central Bank of the Russian Federation reduces the number of credit institutions, many banks’ licenses are revoked. At the same time, unfortunately, due to the DIA fund depletion, the citizens are often refused in refunding deposits for various reasons (provided that the bank was a member of DIA system).

In this case, refusal to refund may be appealed through the courts and the counsels of our office have developed positive judicial practice for our clients in this sphere.

If you are refused in refunding of the deposit, the counsels of Moscow Law Office Attorneys Group can help get your money back.

Within this service we can offer you:

  • advice on return of a deposit;
  • legal examination of current situation;
  • representation of your interests in Deposit Insurance Agency;
  • preparation of necessary documents for applying to DIA in case of insured event occurrence;
  • representation of interests in court in order appeal against refusal to refund.
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