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 Bär in order to repay a $160m loan. Judgment here. The Court held that because Mr Vekselberg, a US SDN, owns Lamesa Holdings, and the securities …
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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 &...