Creditors Clear To Recover $170M On Azeri Bank Bonds
Law360, London (July 2, 2019, 6:41 PM BST) -- International Bank of Azerbaijan bondholders can recover $170 million from the country's largest commercial bank after the U.K. Supreme Court refused to review a ruling preventing the bank from permanently stopping English creditors from pursuing their claims.
Britain’s highest appeals court last week rejected International Bank of Azerbaijan’s request to challenge a Court of Appeal decision that blocked the Azeri lender from reinstating a moratorium preventing creditors from taking legal action, the firm representing a group of creditors said Tuesday.
In a decision that has not been made public, the Supreme Court nixed the bank’s efforts to appeal two lower court...
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!