The Moscow Arbitration Court adopted provisional measures on Transcapitalbank’s claim against the German banks Commerzbank and JP Morgan and their Russian structures for 12.3 million euros (1.2 billion rubles). The decision was made on April 26, Interfax writes.
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The court confiscated 100% of the shares of Commerzbank (Eurasia) JSC, funds in bank accounts (except accounts of type “C” and “I”) of Commerzbank AG, JP Morgan SE and their Russian subsidiaries, as well as those that they own securities and real estate within the required amount.
At the same time, the court refused to seize the defendants’ movable property due to lack of evidence that non-adoption of this measure would make it impossible to execute the court decision and cause material damage to the bank.
TKB filed a lawsuit in early March and the third party in the case is the National Settlement Depository (NSD). The essence of the claim is still unknown; The bank has not commented on the matter. The first hearing of the case was scheduled for April 5, but was postponed to May 16.
Author:
Karina Pardaeva
Source: RB
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