Guarantor Committed In $20M Credit Suisse Loan Fight

Law360, London (July 26, 2019, 6:11 PM BST) -- A Finnish businessman has been charged with contempt of court and could face a prison sentence after he skipped a London hearing over a $20 million Credit Suisse loan for a private jet that he guaranteed.

Ahti Vilppula failed to show up to a May 7 hearing that had been scheduled to discuss how he planned to pay a £2.07 million ($2.6 million) judgment handed down for Credit Suisse AG in January, according to a Tuesday court order. As a result, Judge Andrew Baker found the businessman guilty of contempt of court.

In March, Vilppula was ordered by High Court Master...

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!

TRY LAW360 FREE FOR SEVEN DAYS