The Supreme Court (Sun) sent a lawsuit for a new assessment of the Russian Citibank for the recovery of the debt of the mother’s structure to Sovcombank. Reporting this RBC Referring to the press service of the armed forces.
The Supreme Court Representative said that all judicial actions were canceled and the case was sent to the Moscow Arbitration Court for a review.
Before that, Denis Tyutin, the armed forces magazine, examined Citibank’s Cassation charm and objected to the prosecution of the common responsibility for the obligations of the American Citibank and decided to evaluate the case by the judicial Council. As lawyers explained to the agency Ria NovostiIn a series of similar cases regarding the prevention of Russian assets abroad, the first -stage courts are expected to explain the possibility of eliminating the responsibility of their groups against foreign organizations under a sanction regime conditions.
In 2017, a series of transaction arrangements were signed with clearing and derivatives between Sovcombank and American Citibank. As a result of the execution of these operations, the American Bank created a debt of $ 24.05 million to the Russian credit institution. After the sanction restrictions were introduced in 2022, these funds were blocked in foreign accounts. Despite the recognition of the debt during the pre -garbage solution, Citibank refused to reimburse his obligations by referring to a sanction regime. This pushed Sovcombank to object to the court for the recovery of the damage of both the American Citibank and the Russian subsidiary Citibank.
Central Bank before Published The first back of banks according to the number of complaints.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.