Capital Hike At Heart Of £22M Russian Bank Lawsuit: Oligarch

Law360, London (February 4, 2019, 8:13 PM GMT) -- Russia’s central bank unjustifiably ordered a private lender to raise $1.5 billion in extra capital just days before forcing the bank into administration, an oligarch fighting a £22 million ($28.7 million) lawsuit in London over the company’s fate alleged in a witness statement seen by Law360.

Investors in PAO Promsvyazbank are suing Dmitri Ananyev and his brother Alexei at the High Court, after the Central Bank of the Russian Federation put the company into administration in December 2017.

Investors say they were encouraged to pump money into the bank, known as PSB, in the months leading up to what they describe...

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!