The Sixteenth Commercial Court of Appeals

Tag: The Sixteenth Commercial Court of Appeals

Firm formerly controlled by Browder again denied recovery of claim against HSBC in full

The Sixteenth Commercial Court of Appeals has upheld recovery of 388,400 rubles ($6,000) from HSBC Bank and HSBC Management in favor of a firm believed to be formerly controlled by William Browder’s Hermitage Capital Management, denying to grant its claim in full.

10:54 01.11.2019

Firm formerly controlled by Browder again demands $2 mln from HSBC

Dalnaya Step has filed an appeal against a lower court’s ruling ordering HSBC Bank and HSBC Management to pay the company believed to be formerly controlled by William Browder’s Hermitage Capital Management 388,400 rubles ($6,000) instead of 125.3 million rubles (nearly $2 million) demanded.

10:38 20.09.2019