BTA Bank v Stepanov


Reference:

Date:
1st October 2009

Court:
High Court

Comment:

In these proceedings in the Chancery Division in London, the largest bank in Kazakhstan sought to recover in excess of US$350 million in unpaid loans and interest. The case involved the grant of freezing relief. Notwithstanding an expedited trial date, the Bank's application for summary judgment was successful, in the sum of US$468 million.


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