Law360, London (October 2, 2020, 6:20 PM BST) -- Russia's PSJC National Bank Trust is suing the owners of a British smartphone manufacturer in London's High Court to recoup nearly $9 million in alleged missed loan repayments.
The lender said in its court filing that Nooreddin Valimahomed and Robert Agee owe the money after they agreed to act as guarantors so their business Wileyfox Europe Ltd. could secure financing. The owners committed to making the loan repayments if their company missed any, according to public court documents.
National Bank Trust says it took the loan agreements onto its books after merging with another bank in 2019.
Valimahomed needs to...
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!