Central Bank Resolution Reg. No. 3420-3: banks to open special accounts for clients in rehabilitation, external management and liquidation

Banks must now open special accounts for clients placed in rehabilitation, external management or liquidation under the Insolvency Law. Debit operations on their old accounts stop, and the money is moved to the new special account.

The changes were made by the Central Bank Board resolution of 16 October 2026 No. 24/21. It was registered by the Ministry of Justice on 20 October 2026 under No. 3420-3 and entered into force on 21 October 2026. It amends the Instruction on opening, maintaining and closing bank accounts (reg. No. 3420).

When a special account is opened

The bank that services the client's main account opens it on presentation of a document introducing the procedure:

• pre-court rehabilitation — a decision of the Insolvency Affairs Agency under the Ministry of Justice;
• court rehabilitation — a court ruling introducing the procedure;
• external management — a court ruling;
• liquidation — a court decision declaring the debtor bankrupt and starting liquidation.

What happens to the old accounts

• debit operations on the main and additional accounts are stopped;
• payment documents, including collection orders, and account arrest decisions are returned unexecuted to those who issued them, with a note about the procedure;
• balances and future receipts are transferred to the special account no later than the next business day.

Who controls the funds

In pre-court and court rehabilitation, funds are spent on the client's payment order. In external management and liquidation, they are spent on the order of the court-appointed manager. The general rules on writing off funds from the accounts of business entities do not apply to these special accounts.

Other amendments

• a biometric passport for travel abroad can now be used to open an account — it has been added next to the driver's licence in the list of documents;
• information on one's accounts can be obtained not only at the bank where the main account is held.

What this means in practice. If your counterparty is in rehabilitation or liquidation, do not count on collection by direct debit: the bank will return the document unexecuted. A business in rehabilitation should approach its bank early with the Agency decision or court ruling: its funds will be gathered in one account and spent on its own instructions.

Photo: Azizjon, Wikimedia Commons (public domain)