March 24, 2022 | 1:34 pm
Former Prime Minister of Georgia, Bidzina Ivanishviliwin a fight with Credit Suisse To recover money stolen by a former employee of Swiss BankCredit Suisse, knowledgeable insiders.
Credit Suisse She announced that she could be forced to pay more than $500 million at once before a court Bermuda Publication of a judgment against a local subsidiary of the bank for life insurance.
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– Credit Suisse (CreditSuisse) March 24, 2022
Credit Suisse previously made reservations against this matter and intends to take all available legal measures.
The bank said in a statement.
He added that the court Bermuda The ruling was published next week, but sources confirmed that it was related to Ivanishvili’s lawsuit and that the court ruled in his favour.
in january, Bank It said it had received provisions of 436 million Swiss francs (469 million dollars) in the fourth quarter of 2021 to cover court settlements, but added that these were primarily related to its investment banking business.
We will consider whether more reserves are needed as part of the first quarter results to be released on April 27, 2022
He added on Wednesday, in addition to the bank declined to comment further.
Ivanishvili Refused to comment and court Bermuda He did not respond to requests for comment at the time of publication.
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demand in England
On the other hand, Credit Suisse’s plan to sue SoftBank Group Corp. in England for the collapse Greensell Capital The Zurich-based bank said it should not stop it from mining internal records in the US first.
Credit Suisse Looking for information about soft bank As he prepares to file a lawsuit in England to recover losses from last year’s collapse financial empire From supply chain financier Lex Greensell.
company A US judge in San Francisco urged on Monday to dismiss SoftBank’s arguments that the information it is seeking is relevant only to a later stage of its litigation. United kingdom.
Unlike in the United States, where a lawsuit can be brought without contact between litigants, parties to a prospective lawsuit in England are expected to take “a number of steps prior to litigation,” he said. Credit Suisse in the show.
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