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“Oschadbank considers this decision of the Court of Appeal from the point of view of the wrong law and such that it contradicts the established jurisprudence both in France and in other European countries. The bank plans to immediately appeal this decision,” the bank said.
Oschadbank plans to appeal the decision of the Paris Court of Appeal to the Supreme Court.
“We are confident that in the next instance the decision of the Court of Appeals will be annulled and the decision of the International Court of November 26, 2018 will remain in force, as was done in other investment cases involving Russia,” he added. added the bank’s press service.
Recall that on November 26, 2018, the International Court made the decision to recover from Russia $ 1.3 billion in losses caused to the Oschadbank as a result of the occupation of Crimea. The total amount awarded must also include accrued interest as of the award date.
As RBC-Ukraine wrote, Russia tried to block the execution of the International Arbitration decision, but in October 2019, the Paris Court of Appeal did not satisfy the Russian claim.
