Strabag Lawsuit in Russia Postponed to January 20

by time news

A court in Kaliningrad has postponed⁣ a hearing on a lawsuit filed by Rasperia Trading Ltd., a shareholder of Strabag, against Raiffeisenbank Russia, now set for January 20.Rasperia is‌ seeking nearly €2 billion in damages, claiming that the bank is concealing assets linked‌ to a “Raiffeisen group” behind a corporate structure⁣ to⁣ evade Russian creditors. ‍This legal battle ‌follows the freezing of Rasperia’s voting​ rights ‍in Strabag due​ to EU sanctions against its‍ former owner, oleg ⁣Deripaska. Simultaneously occurring, Raiffeisenbank Russia has ⁣expressed interest in joining a related‍ lawsuit in Moscow concerning‌ Rasperia’s ownership, with implications that could⁢ affect the ongoing case in Kaliningrad.

Time.news Interview: Insights on the Raiffeisenbank Russia and Rasperia ‍Trading Lawsuit

Editor: Thank you for joining us ⁣today to‌ discuss the notable legal developments between Rasperia Trading Ltd.and Raiffeisenbank Russia.Can ‌you give us‌ a brief‍ overview of ⁣the situation?

Expert: Absolutely. The legal proceedings primarily revolve around a lawsuit filed by Rasperia trading against Raiffeisenbank Russia, where Rasperia is seeking approximately €2 billion in damages. They allege that ‌Raiffeisenbank is concealing‌ assets related to what ⁤they refer ⁤to as⁢ a “Raiffeisen group” behind a complex corporate ‍structure in order to evade Russian creditors [1[1[1[1].

Editor: This‍ sounds quite⁣ intricate. What led to this lawsuit, especially regarding the backdrop of EU sanctions?

Expert: Rasperia’s legal‍ claims are indeed tied to the European Union’s sanctions against its former owner, Oleg Deripaska, which resulted‌ in the freezing of Rasperia’s voting rights in Strabag, ⁣an Austrian construction company [2[2[2[2]. This complex situation exacerbates Rasperia’s claims as they believe Raiffeisenbank’s actions are strategically aimed at minimizing ‌their financial obligations amidst the looming sanctions and legal ‍challenges.

Editor: Given the postponement of the court ​hearing untill January 20, what implications might this have for the parties⁢ involved?

Expert: The delay in the hearing could serve multiple purposes. for Rasperia, it provides additional time to solidify ⁤their ⁤arguments and evidence against Raiffeisenbank. However, for Raiffeisenbank, this⁤ extension may allow‍ them to fortify their legal strategies and perhaps seek avenues for counterclaims ⁢or settlements [3[3[3[3]. It’s a game of chess where each side⁤ has⁤ to carefully consider their next moves.

Editor: ⁣engaging. I’ve also read that Raiffeisenbank Russia is interested in joining a related lawsuit in Moscow regarding Rasperia’s ownership. How could this impact the current case?

Expert: Joining the Moscow lawsuit could significantly influence the overall legal strategy ‍of Raiffeisenbank.By participating in the proceedings concerning Rasperia’s ownership, raiffeisenbank may try to challenge the legitimacy of Rasperia’s claims, arguing⁢ that⁢ they ⁤lack credible standing due to their sanctions-related issues. This could reshape the⁤ narrative in kaliningrad, ‌potentially⁢ to ⁢their benefit [2[2[2[2].

Editor: For businesses and investors watching this situation closely, what practical advice ​woudl you give them regarding their positions ⁢in russia amid such​ legal turbulence?

Expert: Investors should approach the Russian market with heightened caution.The ⁣complex interplay of sanctions, litigation, and corporate governance can create significant risks. It’s crucial for stakeholders to stay⁤ informed about legal developments and consider diversifying their‌ investments to mitigate potential fallout from such lawsuits. Preemptively engaging with legal experts in international ⁢law can also ‌provide strategic insights that ‌could help navigate these uncertain waters.

Editor: Thank you for sharing your insights. This situation continues to evolve, and we appreciate your expertise in breaking it down for ⁣our readers.

Expert: Thank you for having me! The implications ​of this lawsuit are far-reaching, and it will be interesting to see how it unfolds in the coming months.

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