Russian Bank Trustee Must Pay Costs In £1.3B Fraud Case

Law360, London (December 18, 2019, 5:53 PM GMT) -- A London judge on Wednesday ordered an insolvent Russian bank’s trustee to reimburse the brother of a jailed Russian bank boss for most of what it cost him to prepare for a motion the trustee abandoned as part of its £1.3 billion fraud claim.

On Wednesday, Master Francesca Kaye ruled that Georgy Bedzhamov, the brother of the bank’s former president, is entitled to 75% of his legal costs “directly and solely attributed” to the abandoned application from Vneshprombank, which sought to resolve claims related to two allegedly fraudulent transactions.

Vneshprombank LLC, which is now in liquidation, claims that Bedzhamov exercised “de facto...

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!