A court in Moscow rejected Euroclear's appeal to recover €200… (суд · решение · москва)
A court in Moscow rejected Euroclear's appeal to recover €200 billion from the Central Bank's lawsuit. The Ninth Arbitration Appeal Court dismissed Euroclear Bank's appeal, which was filed in response to a ruling by the Arbitration Court of Moscow.
Consensus
- The Ninth Arbitration Appellate Court of Moscow rejected Euroclear's appeal against a decision by the Moscow Arbitration Court.
- The Moscow Arbitration Court had previously ruled in May to recover €200 billion from Euroclear on behalf of the Central Bank of Russia.
- The original ruling was confirmed as valid and enforceable, with no changes made during the appellate review.
- Euroclear did not recognize the Russian court's decision and filed an appeal.
- The case involved damages related to asset blocking.
Points of divergence
- The hearing lasted approximately six hours, from around 10:30 to 16:30 MSK, and was held in closed session. — kommersant
- Euroclear submitted a motion requesting suspension of the case proceedings on July 16. — vesti
Coverage (3 sources)
- Moscow Court Dismissed Euroclear's Appeal on the Central Bank's Claim for €200 Billion — Коммерсантъ
- Court Rejects Euroclear's Appeal in Case for Recovery of €200 Billion — Вести
- Euroclear requested court to suspend case on Central Bank of Russia's lawsuit — Вести