A month before a decisive hearing on the billion dollar lawsuit by a Russian Strabag shareholder, Raiffeisenbank Russia suffered a further defeat on Monday.
The background of the lawsuit now in Russia is a dispute that is at least in the past by the Russian Oligarch Oleg Deripaska -controlled society Rasperia Trading Limited with Strabag. Rasperia has shares in the Austrian construction group and saw itself damaged by the application of EU sanctions with regard to the Deripaska. She sued Strabag, her Austrian shareholders and Raiffeisenbank Russia.
The commercial court of the Northwestern Federation District in Saint Petersburg rejected the RBI daughter’s revision request with regard to the order forbidden since September, as an RBI spokesperson has announced.
At the same time, an analogous application for the revision of the Raiffeisenhold Lower Austria-Vienna was rejected in Saint Petersburg at this command of a Kaliningrad court, informed the bank representative in Vienna. After the written copy of the court’s decision, a further appeal could be submitted within two months before the Supreme Court of the Russian Federation. He opened whether the Russian subsidiary will also use this legal remedy.
Professional negotiations on a lawsuit of a billion dollars on 24 April
If the continuous appeal of Raiffeisenbank Russia fails against the decision of the first instance of a court in Kaliningrad on January 20, 2025, the appeal against the order in September must soon be outdated. On April 24, the 13th Commercial Court of Commerce in Saint Petersburg will negotiate whether Raiffeisenbank Russia really should pay the Russian Strabag shareholder Rasperia Trading Limited.
In the case of a rejection of the Raiffeisen -Occupation, the two billion euros would be owed and Rasperia would probably have access to the RBI daughter funds, for example at the Russian National Bank. After satisfying these claims from the claimant, the ban on the sale must also be lifted again. Of course, the question is how the transfer shares of Rasperia to Raiffeisenbank Russia, which is also ordered by the Kaliningrad court, must be implemented in this case: because we are talking about an Austrian stock company, the share transfer is only possible in Austria. In this country it cannot in principle be carried out in view of EU sanctions against Rasperia. The final decision of a Russian commercial court in Austria would also not be binding.
Lawsuit against the bank with family members to set Raiffeisen
Neither the Raiffeisenbank Russia nor his mother RBI himself his shareholders of Strabag. The plaintiff’s lawsuit against the bank in Russia was only justified by a kinship relationship with Strabag shareholder Raiffeisenisenisen Austria. The latter is the owner of the Raiffeisenlandsebank LOWER Austria, which in turn owns 25 percent at the parent company of Raiffeisenbank Russia, RBI.
Judge corrected “Faiffeisen” Tippfaler
The Holding Court itself was initially called “Faiffeisen-Holding Lower Austria” by the Commercial Court of the Northwestern Federation Group. Before handling the professional application for the prohibition on the sale on Monday, the responsible judge Tatjana Sapotkina corrected this typo last Friday with a formal decision, which was also published in the Russian court register.
Source: Krone
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