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THE CENTRAL BANK AND THE NATIONAL SETTLEMENT DEPOSITORY AGAINST EUROCLEAR BANKRUPTCY

The Central Bank and the National Settlement Depository (NSD) did not support the bankruptcy of the European depository Euroclear in court. According to Interfax, the Bank of Russia believes that Euroclear has no signs of insolvency according to the criterion of insufficient funds. According to the representative of the Central Bank, the transfer of funds held in special ...

PHOSAGRO-RELATED FIRMS HAVE FILED LAWSUITS AGAINST EUROCLEAR IN THE ASGM

The Cypriot companies Gekolina Investments and Perprecia filed statements of claim (cases no. A40-231669/2023, no. A40-231664/2023) to the Arbitration Court of Moscow against Euroclear and the Cypriot subsidiary of Renaissance Capital Renaissance Securities. In total, Gekolina Investments intends to recover about 7 billion rubles, and Perprecia – 2.2 billion. The reason for filing both claims was the freezing of assets on ...

IT'S ALREADY THE SIXTH. URAL BANK FILED A LAWSUIT AGAINST EUROCLEAR

The Ural Bank for Reconstruction and Development has filed a lawsuit against the world's largest settlement and clearing system Euroclear. The corresponding application was submitted to the Arbitration Court of the Sverdlovsk region. As Vedomosti clarifies, the amount of requirements for the European settlement depository is currently unknown. This is the sixth lawsuit against ...

RUSSIAN INVESTORS FILE A CLASS ACTION LAWSUIT AGAINST EUROCLEAR FOR 1 BILLION

Russian private investors and regional banks are filing a class action lawsuit against the world's largest settlement and clearing system Euroclear. The amount of claims exceeds 1 billion rubles. As Izvestia clarifies, the law firm Nektorov, Saveliev & Partners will file an application to the Moscow court on July 19. Earlier, lawyers have already sent a pre-trial claim, in which ...

MANAGEMENT COMPANY "FIRST" FILED A LAWSUIT AGAINST EUROCLEAR FOR 185 BILLION

Management Company "First" (formerly SBER asset management) filed a lawsuit against the world's largest settlement and clearing system Euroclear Bank for 184.8 billion rubles. The relevant information is published in the file of arbitration cases. On the day of filing the claim, the amount of claims is approximately $ 2 billion at the exchange rate of the Central Bank of the Russian ...

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