Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

Russian Billionaire Loses Lawsuit Against Nordic Banks (3)

Jan. 13, 2020, 3:08 PM

A group of Nordic banks that had been sued by a Russian oligarch aren’t required to accept his business, in what may prove to be a landmark ruling by a court in Finland.

Russian billionaire Boris Rotenberg, an associate of President Vladimir Putin, lost his lawsuit against four Nordic banks and was ordered to pay more than 500,000 euros ($556,000) to cover their legal fees, the Helsinki District Court ruled on Monday.

Boris Rotenberg

The court said that forcing the banks to process payments for Rotenberg, who is on the U.S. sanctions list, would have subjected them to significant ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.