MOSCOW, September 1 (RAPSI) – The Moscow Commercial Court has postponed hearings in the Trust bank’s 4.3 billion rubles ($66.1 mln) lawsuit against Cypriot company Oldehove Holdings Limited, RAPSI learned in the court on Thursday.
The bank asked the court to recover debt allegedly owed by the defendant and to foreclose non-residential premises. The defendant was not present during the hearings.
The court introduced a third party, Russian “Unigroup” company, into the case and postponed the hearings as a result. Earlier Dutch company “C.R.R.B.V.” was also introduced as a third party in this case.
This is not the first claim Trust Bank has filed against various offshore firms. Yet on April 27, the Ninth Commercial Court of Appeals confirmed the recovery of over 2 billion rubles ($29 million) from Cyprus-based Siberiankd Timber Enterprises Limited as requested in a claim put forward by Trust Bank.
Altogether, for the first half of 2015, Trust bank filed about 20 lawsuits against companies registered in the offshore jurisdictions worth over 32 billion rubles ($464.5 mln) and over $94 million. Business media outlets reported that some of these companies were associated with the former owners of the bank.
In late December 2014, the Central Bank of Russia decided to reorganize Trust Bank, which at that time was on the list of the top 30 Russian banks, placing it under the temporary supervision of the Deposit Insurance Agency. FC Otkritie Bank, part of Otkritie Holding, was selected as a bridge bank.