Entrepreneur's $287M Bank Of Georgia Suit May Get The Chop

Law360, London (April 19, 2021, 6:46 PM BST) -- Georgian businessman Roman Pipia's $286.5 million lawsuit against the British holding company of Bank of Georgia will be struck out unless he pays £3.2 million ($4.5 million) in outstanding security costs within 48 hours, a London judge said Monday.

The decision came on what was scheduled to be the first day of an eight-week High Court trial between Pipia and BGEO Group Ltd., or BG U.K., over allegations the company orchestrated a series of transactions that deprived him of his Georgian fertilizer plant worth hundreds of millions of dollars.

Judge Sara Cockerill said she had no alternative than to reach the...

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