Cypriot firm appeals against recovery of $30.5 mln in favor of Trust Bank
Cyprus-based TIB Investments Limited has appealed against a court ruling ordering it to pay 1,996 billion rubles (about $30.5 mln) in favor of Trust Bank.
Cypriot firm’s appeal against order to pay Trust Bank $29 mln set for Apr.27
The Ninth Commercial Court of Appeals on April 27 will consider an appeal filed by Cyprus-based Siberiankd Timber Enterprizes Limited against recovery of over 2 billion rubles ($29 mln) in favor of Trust Bank.
Trust Bank’s lawsuit against Cypriot firm to be heard on October 15
The Moscow Commercial Court has postponed the hearing of a $71.5 million lawsuit filed by Trust Bank against Cyprus-based TIB Investments Limited until October 15.
Cypriot firm and Russian Finance Ministry may settle dispute over Crimean bonds
Cypriot company DRGN Ltd and the Russian Finance Ministry will negotiate an out of court settlement of a 142 million euro dispute regarding Crimea’s bond loan.
Trust Bank and Cypriote firm seek amicable agreement in $41 mln lawsuit
The preliminary hearings of a lawsuit filed by Trust Bank to collect over 2.3 billion rubles ($41 mln) from Belenfield Trade Limited have been postponed until August 26 as the parties are negotiating an amicable settlement.
Employees of Russian businessman in Cyprus admit large sum theft from boss - report
Two employees of Russian businessman operating in Cyprus admitted that they have stolen almost half a million euros from their employer.
Cyprus court dismisses billionaire Potanin’s ex-wife’s claim to his property
A Cyprus court has dismissed a lawsuit filed by former wife of Norilsk Nickel CEO Vladimir Potanin, Natalya Potanina, laying claim for her ex-husbands property, Potanina’s press office told RAPSI on Monday.
Russian national suspected of Degas painting theft arrested in Cyprus - report
Cyprus authorities have arrested 55-year-old Russian national Sergei Tyulenev in connection with the reported theft of a 19th century painting by French master Edgar Degas valued at 6 million euros.
Sale of En+ Podgorica aluminum smelter’s assets halted by court
A Cyprus court has granted an injunction on transactions involving the assets of a Montenegrin aluminum smelter, KAP, including a recent deal to sell it to a local company, Uniprom, for EUR 28 million ($38 million), En+ Group’s Pavel Priymakov told RIA Novosti on Monday.
Cyprus court moves Potanin asset freeze hearing to September
A district court of Limassol, Cyprus will review the claim filed by wife of Norilsk Nickel CEO Vladimir Potanin, Natalya Potanina, in which she demands a freeze of 50% of all assets as a part of her divorce suit, her attorney Phillip Ryabchenko told RAPSI on Monday.
Potanin’s ex-wife sues for attachment of his property in Cyprus court
Former wife of Norilsk Nickel CEO Vladimir Potanin, Natalya Potanina, has filed a suit with a Cyprus court on the attachment of his property, her representative Filipp Ryabchenko told RAPSI on Monday.
Donetsk governor’s assets seized in Cyprus - report
Part of the assets of Sergei Taruta, whom the de facto Ukrainian authorities appointed as the governor of the Donetsk Region, have been seized in Cyprus at the request of VTB Bank, Kommersant newspaper writes on Thursday.
ECHR orders Turkey to pay 90 mln euros for violations in northern Cyprus
The European Court of Human Rights (ECHR) has ruled Monday that Cyprus is entitled to the compensation of 90 million euros over the military conflict which erupted there in 1974.
Fugitive mogul Polonsky's co-investors’ lawsuit against former Mirax rejected
The Moscow Commercial Court has rejected a lawsuit filed by Cyprus-registered Bockmer Ventures Limited, which represents the interests of Sergei Polonsky’s co-investors, demanding $48,96 million from the Federation Tower (formerly Mirax City), RAPSI reported from the courtroom Monday.
Latvia acted properly in enforcing Cypriot judgment against Latvian debtor – ECHR
The European Court of Human Rights (ECHR) held Tuesday that Latvia fulfilled its legal obligations in enforcing a Cypriot judgment on its own territory.
Russian billionaire’s estranged wife detained in Cyprus over alleged ring theft
Yelena Rybolovleva, the estranged wife of Russian billionaire Dmitry Rybolovlev, will be questioned in Cyprus within 24 hours to determine the need to keep her in custody.
Deripaska's En+ affiliate seeks EUR 100 mln from Montenegro
Cyprus-based Central European Aluminum Company (CEAC), a subsidiary of En+ owned by Russian oligarch Oleg Deripaska, has filed a EUR 100 million lawsuit against the government of Montenegro and a number of state funds.
Appeal in Bank of Cyprus unjust enrichment case to be considered on Nov.7
The Moscow District Federal Commercial Court has postponed the hearing for the appeal in the rejected lawsuit of Algeba, seeking 380 million rubles ($11.8 million) in compensation from the Bank of Cyprus based on allegations of unjust enrichment, until November 7.
Appeal in Bank of Cyprus unjust enrichment case to be heard on October 17
he Moscow District Federal Commercial Court set the hearing for the appeal in the rejected lawsuit of Algeba, seeking 380 million rubles ($12.1 million) in compensation from the Bank of Cyprus based on allegations of unjust enrichment, for October 17 .
Russian court approves dismissal of Bank of Cyprus unjust enrichment case
Russia's Ninth Commercial Court of Appeals has upheld the dismissal of a lawsuit filed by Novosibirsk company Algeba seeking 380 million rubles ($12.1 million) in compensation from the Bank of Cyprus based on allegations of unjust enrichment.