Swiss Court says bank can refuse Vekselberg transaction because of US sanctions risk

10 December 2020

Swiss Court says bank can refuse Vekselberg transaction because of US sanctions riskDasha Butler/Shutterstock.com

The Zurich Commercial Court has refused an application by Lamesa Holdings (owned by Viktor Vekselberg) to require a bank to process a transaction from a securities depository account it holds at Swiss bank Julius...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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