Raiffeisen Bank International's Multi-Million-Dollar Court Victory and a Defense Against Short Sellers
16 Articles
16 Articles
Raiffeisen, who continues to work in Russia, seeks compensation from a sanctioned Russian company for assets currently under the supervision of the Austrian financial regulator
After the verdict against the Russian Strabag owner Rasperia, more than three billion euros for Raiffeisen are within reach. However, a few hurdles still have to be taken.
The Russian Rasperia Trading Limited (RBI) is required to pay approximately Euro3.15 billion to the Austrian Raiffeisen Bank International (RBI) and its Russian daughter, Ryffeisenbank, a court in Vienna. The Rasperia has four weeks to appeal if it does not, the decision will come into force, write "Commersant". In this way, Raiffeisen will be able, through the Austrian Financial Market Supervision Commission, to release the assets of Rasperia i…
""A court in Vienna ordered Rasperia Trading Limited, controlled by Oleg Deripaska, to pay about €3.15 billion to the Austrian Raiffeisen Bank International and its Russian "subsidiary" Raiffeisenbank JSC
""A court in Vienna ordered Rasperia Trading Limited, controlled by Oleg Deripaska, to pay about €3.15 billion to the Austrian Raiffeisen Bank International and its Russian "subsidiary" Raiffeisenbank JSC. This is stated in a statement...
Raiffeisen Bank International (RBI) won a victory in court on Tuesday in the dispute over funds that had been collected in Russia. Vienna's Regional Court of Civil Law granted the bank and its Russian daughter AO Raiffeisen approximately EUR 3.15 billion in damages.
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