Bank

17 June 2016

Issue: 7703 / Categories: Case law , Law digest , In Court

AS Latvijas Krajbanka (in Liquidation) v Antonov [2016] EWHC 1262 (Comm), [2016] All ER (D) 30 (Jun)

The Commercial Court ruled that the defendant former majority beneficial owner of the claimant Latvian bank (the bank), in causing the bank to advance, to a borrower closely connected to himself, money which had not been repaid or recovered, had acted dishonestly and in breach of duties owed to the bank in respect of eight transactions. Accordingly, the defendant was held liable for the bank’s losses, under Latvian law, which amounted, in total, to €60,499,567 and US$30,762,458.

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Bank

MOVERS & SHAKERS

NLJ Career Profile: Maria Karaiskos KC, Church Court Chambers

1 Hare Court—Peter Mitchell KC & Amber Sheridan

Thackray Williams—Jennifer Nicol