Russian Bank Says Oil Trader Can't Duck $22M Payments

Law360, London (January 4, 2021, 7:35 PM GMT) -- A Gazprombank Group subsidiary has told the High Court it is owed at least $22 million in loan payments from a commodities trading company, denying claims it wrongfully obtained freezing orders to sabotage the business. 

Bank GPB International SA hit back at Integral Petroleum SA's suit with a counterclaim, saying it demanded the immediate repayment by Integral after discovering fraudulent invoices in March 2020, but the debt has so far remained unpaid. 

The bank says claims by Integral that it conspired to damage the business are "illogical" as it would be contrary to GPB's own overriding objective of "seeking to facilitate...

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

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?
Beta
Ask a question!