Law360, London (September 23, 2020, 6:46 PM BST) — A London judge on Wednesday ordered a Russian bank to halt its $135 million fraud lawsuit against a corporate investment company accused of siphoning assets off the failed lender, ruling the companies had agreed to arbitrate disputes in the U.K. High […]
Law360, London (September 23, 2020, 6:46 PM BST) — A London judge on Wednesday ordered a Russian bank to halt its $135 million fraud lawsuit against a corporate investment company accused of siphoning assets off the failed lender, ruling the companies had agreed to arbitrate disputes in the U.K.
High Court Judge David Foxton granted RiverRock Securities Ltd.’s application for an interim injunction barring liquidators for the International Bank of St. Petersburg, at least temporarily, from pursuing an insolvency claim in Russia.
Judge Foxton said the claims, brought by Russia’s Deposit Insurance Agency, trigger an arbitration clause in contracts the bank signed with the investment company even though the lawsuit…
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(Bloomberg) — Deutsche Bank AG sees its investment bank performing in line or better than recent guidance given by competitors, after some of the trading momentum from the first half of the year carried over into the third quarter. Load Error “The investment banking revenue environment has continued strong,” Chief […]
