Contents tagged with Oschadbank
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Paris court upholds decision to collect Ukrainian bank’s Crimea-related losses from Russia
The Paris Court of Appeal has dismissed Russia’s attempts to suspend the execution of the International Court of Arbitration’s decision to award $1.3 billion in compensation to Ukraine’s Oschadbank for the expropriation of the bank’s assets in Crimea, reports the press service of the bank.
Russia claims that the execution of the arbitration ruling in countries that protect government immunity to a lesser degree than France could be harmful to it. The judge dismissed Russia’s motion and …
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Ukrainian bank wins $1.3 billion legal case against Russia
On November 26, the arbitral tribunal in Paris approved the compensation claim of the State Savings Bank of Ukraine (Oschadbank) for assets losses during Russia's annexation of the Crimea. The press service of Oschadbank reported that the compensation amount is $ 1.3 billion plus interest that will accrue before the actual compensation.
"Today we received an official victory notice! It is difficult to imagine an announcement that now we would need more than this. Given how our relations with …
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Ukraine’s National Anti-Corruption Bureau conducts investigation into Oschadbank over misappropriation of funds
The National Anti-Corruption Bureau of Ukraine (NABU) is conducting a pre-trial investigation in regards to the possible embezzlement of property by the head of Oschadbank management board and his subordinates by writing off $ 20.98 million from Cyprus's Opal Core Ltd. The funds were declared as State property with the purpose of their further confiscation. The criminal scheme was described in the statement of the Solomensky District Court of Kyiv from December 6, 2017, published on December 1 …