The Arbitration Court of the Kaliningrad Region has refused to allow Raiffeisenbank to withdraw the interim measures against securities that were introduced in response to the claim of Rasperia Trading Limited. Information about this is reflected in the court file.
Author:
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The decision to reject Raiffeisenbank JSC’s application was made at a closed court hearing on 13 September. Raiffeisenbank shares were confiscated as an interim measure on 4 September.
Rasperia Trading Limited filed a lawsuit against the bank and nine other organisations on 19 August. The company accused the defendants of having taken control of the Austrian construction group Strabag, of having prevented representatives of its parent company from participating in the shareholders’ meeting and of having failed to pay dividends. The plaintiff estimated the damages resulting from the actions at 2 billion euros.
In December 2023, the Austrian company RBI (Raiffeisen Bank International, the parent company of Raiffeisenbank) announced the purchase by its subsidiary of 28.5 million Strabag shares from MKAO Rasperia Trading Limited. Six months later, the RBI abandoned the deal.
In August 2024, Raiffeisenbank announced the introduction of restrictions on outgoing foreign currency transfers as part of the implementation of the ECB’s order to curtail business in Russia. In September, the Bank of Russia ordered subsidiaries of foreign banks, including Raiffeisenbank, not to refuse foreign currency transfers to their clients.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
