Further defeat for RBI subsidiary-Diepresse.com
Raiffeisenbank Russia may still not change owners. The RBI subsidiary’s revision application was rejected. On April 24, the negotiation starts whether the Raiffeisenband has to pay compensation in the billions.
One month before a decisive appeal hearing on the billion dollar lawsuit by a Russian Strabag shareholder, Raiffeisenbank Russia suffered a further defeat on Monday. The commercial court of the northwestern Federation district in St. Petersburg rejected the RBI subsidiary’s revision application with regard to the injunction that has been prohibited from the bank since September. This was announced by an APA RBI spokesman.
At the same time, an analogous proposal from the Raiffeisenholding Lower Austria-Vienna was rejected in St. Petersburg at this temporary decision by a Caliningrad court, the banking representative in Vienna informed. After the written copy of the judge’s decision, a further appeal could be filed within two months before the Supreme Court of the Russian Federation. He left open whether the Russian subsidiary will also exploit this legal remedy.
Appeal negotiations on billion dollar lawsuit
If the ongoing appeal of Raiffeisenbank Russia fails against the first instance decision of a Kaliningrad court on January 20, 2025, the appeal against the injunction in September should soon be outdated. On April 24, the 13th Commerce Court of Commerce in St. Petersburg negotiates the question of whether Raiffeisenbank Russia really has to pay the Russian Strabag shareholder Rasperia Trading Limited.
In the event of a rejection of the Raiffeisen profession, the two billion euros would be due and Rasperia would probably have access to the RBI subsidiary funds, for example, at the Russian National Bank. After satisfying these claims by the plaintiff, the ban on sales should also be lifted again. Of course, the question of how in this case the transfer by Rasperia Strabag shares to Raiffeisenbank Russia, which is also ordered by the first instance court in Kaliningrad, is to be implemented: since we are talking about an Austrian stock corporation, the stock transfer is only possible in Austria. In this country, it cannot currently be carried out in principle in view of EU sanctions against Rasperia. The final decision of a Russian trade court in Austria would also not be binding.
Lawsuit against the bank with relatives to Raiffeisen-Holding established
The background to 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 holds stocks at the Austrian construction group and saw itself damaged by the application of EU sanctions in relation to Deripaska and complained of Strabag, its Austrian shareholders and Raiffeisenbank Russia.
Neither the Raiffeisenbank Russia nor its mother RBI itself are shareholders of Strabag. The plaintiff’s lawsuit against the bank in Russia was only justified by a kinship relationship to Strabag shareholder Raiffeisen-Holding Lower Austria. The latter is the owner of the Raiffeisenlandesbank Lower Austria, which in turn holds 25 percent at the parent company of Raiffeisenbank Russia, RBI.
Judge corrected « Faiffeisen » tippfaler
The holding court itself had initially been called « Faiffeisen-Holding Lower Austria » by the commercial court of the northwestern federation group. Before she treated the appeal application for the ban on sales on Monday, however, the responsible judge Tatjana Sapotkina corrected this typing error last Friday with a formal decision, which was also published in the Russian court register. (APA/dpa)
