VTB Fights Mozambique's Immunity Bid In $670M Bribery Suit

By Richard Crump (June 7, 2021, 5:34 PM BST) -- Mozambique cannot use state immunity to dodge VTB Capital's High Court suit demanding the repayment of more than $670 million sunk into maritime projects alleged to have been fronts for a massive bribery and corruption scheme, the Russian lender's British arm has said in court documents.

VTB Capital PLC, part of Russia's VTB Group, said in court documents filed with the High Court on May 28 that the Republic of Mozambique is barred from claiming immunity under U.K. law because the country submitted to the jurisdiction of the English courts and is liable for the conduct of its officials.

The bank...

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!