3.15-Billion Lawsuit: Expired Deadline Brings RBI Significantly Closer to Frozen Rasperia Assets
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5 Articles
der Standard AT
der Standard DEThe time limit for the defence expired at the end of the previous week, the Russian Strabag shareholder Rasperia did not provide an answer. Now a default judgment in favour of the RBI could follow
3.15-Billion Lawsuit: Expired Deadline Brings RBI Significantly Closer to Frozen Rasperia Assets
In the legal battle over billions between Raiffeisen Bank International (RBI) and Rasperia Trading Limited, a Russian shareholder of STRABAG, the balance of power has shifted in favor of the major Austrian bank. According to sources in the banking industry, Rasperia has allowed a crucial court deadline to pass. Within this deadline, the Russian co-owner would have had to submit a response to the lawsuit for damages in the amount of 3.15 billion …
VIENNA. The cause of the causa is the dispute between the Russian and Austrian Strabag core shareholders, in whose turn the formally uninvolved RBI subsidiary bank in Russia was sentenced to compensation of billions.
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