Overview
Steptoe's success for a Russian bank at the London High Court was covered by the Financial Times in a July 11 article titled "High Court Bars Otkritie Co-founder from Disposing of Assets."
On June 28, National Bank Trust filed a lawsuit in the High Court of Justice in London against Boris Mints and his sons to recover damages in excess of US $700 million. On July 11, the court granted the bank a freezing order prohibiting the defendants from disposing $572 million of their assets. The court's ruling, which has the same effect as a freezing order, will continue until trial. The co-plaintiff in this case is PJSC Otkritie Bank.
Boris Mints was the co-founder of Otkritie, which was Russia's largest privately held bank by assets before its 2017 nationalization.
Steptoe London partner Neil Dooley represents National Bank Trust in this matter.
The full article can be read at the Financial Times (subscription required).
