2024-05-20 01:33:40
A Russian court docket has ordered the freezing of accounts, property and shares of Deutsche Financial institution in Russia as a part of a lawsuit in opposition to the German financial institution, Reuters reported, citing court docket paperwork.
The financial institution, along with the German firm “Linde” (Linde), was one of many guarantor collectors beneath a contract to construct a pure fuel processing plant in Russia, which was terminated because of the imposition of sanctions by the West.
The case was filed after a criticism by St. Petersburg-based RusChemAlliance, a three way partnership majority-owned by Russian fuel big Gazprom and operator of the mission, BTA studies.
The arbitration court docket in St. Petersburg prohibited Deutsche Financial institution from utilizing its 100% share within the licensed capital of its Russian subsidiary, in addition to in Deutsche Financial institution Know-how Middle LLC.
The court docket additionally froze securities, actual property and financial institution accounts of Deutsche Financial institution, in addition to its Russian subsidiary and Deutsche Financial institution Know-how Middle OOD, value as much as 238.6 million euros ($259.36 million ).
Yesterday, a Russian court docket ordered the seizure of the property, accounts and property of UniCredit, the Russian subsidiary of the Milan-based UniCredit Group, in addition to its shares in two subsidiaries, as a part of a parallel lawsuit.