London court holds appeal hearing in the case of the National Bank of Cuba.

In the latest twist in the story, the National Bank of Cuba (BNC) reported this Wednesday that the Court of Appeal in London is examining new details in the case of the lawsuit between the Cuban government and the investment fund CRF Limited I.

Through a statement, the BNC stated that "on April 4, 2023, the High Court of England and Wales issued a ruling stating that it had to analyze whether the vulture fund CRF I Limited was or was not a creditor of the Banco Nacional de Cuba."

As part of the process, the London Court of Appeal was scheduled to hold a hearing on July 24 to review the case.

"Since the beginning of the process, promoted before the English courts by the vulture fund with the aim of claiming a right that it does not possess, the National Bank of Cuba has maintained that this economic entity is not its creditor, and therefore, there is no reason to support such a position," states the text from the Cuban entity.

Furthermore, the institution "reaffirms, once again, its ongoing willingness for dialogue and respect for the debts incurred with legitimate creditors; which is not related in any way to an entity outside its financial instruments, such as is the case with CRF I Limited."

The statement brings the issue back to the public spotlight, as in June 2023, Judge Sara Cockerill of the Commercial Court of the High Court in London dismissed the appeal filed by the island's regime.

At that time, the specialized site Cuban Trade published a note in which the investment fund noted that this decision was an important step forward for CRF and limited Cuba's defensive options.

The so-called "London Trial" resolves whether the venture capital fund CRF I Limited is a legitimate creditor of a Cuban debt of 75 million dollars.

Its impact has been quite notable, as even the official press has provided details: The possible decision of the English court will have no implications for the Cuban economy, because "it is a procedural jurisdiction matter, therefore, in no case will financial amounts of the debt be discussed in this hearing," the official newspaper Granma assured in January 2023.

For the moment, it seems that "the ball bounces and spreads," and it has not been decided whether the company making the accusation, described by the Cuban regime as a "vulture fund," legally acquired an unpaid debt from the time of the late Fidel Castro and can claim its interests from the island.