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A London judge ruled on Monday that two Russian banks haven't provided enough evidence that a property tycoon and two of his sons should be bound by a ruling that upholds fraud claims against companies linked to the family without taking the case to trial. ....
ADVERTISEMENT ADVERTISEMENT Russian Banks Don t Have To Pay $20M To Back Fraud Claims Law360, London (April 30, 2021, 1:55 PM BST) Two Russian lenders will not have to post an additional $20 million to keep a freezing order in place against a compatriot billionaire after a judge ruled on Friday that there is scant proof the fraud proceedings have damaged his hedge fund. Judge Neil Calver rejected an application to the High Court to force PJSC National Bank Trust and Otkritie Bank Financial Corp. to hold more money on account with their solicitors in the fraud lawsuit brought by the Russian banks against Boris Mints and his three sons. Mints is a former co-owner of Otkritie. ....