Court Of Appeals Won't Stay Russian Bank's $20M Loan Suit
Law360, London (December 18, 2018, 6:42 PM GMT) -- An appeals court in London on Tuesday refused to halt a Russian bank's $20 million lawsuit accusing International Bank of Azerbaijan of failing to repay a loan after the Azeri lender restructured amid financial woes, saying the bank can't permanently stop English creditors from pursuing their claims.
Three justices sitting for the Court of Appeal unanimously dismissed a challenge by International Bank of Azerbaijan, or IBA, to a December 2017 ruling by Robert Hildyard saying the Azeri lender's attempts to reinstate a moratorium preventing creditors from taking action without court permission would prejudice Sberbank of Russia as well as other English...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!