Ashurst, Investor Cried Fake Fraud, Bank Says In $70M Trial

Law360, London (July 7, 2020, 12:26 AM BST) -- Raiffeisen Bank accused an energy investor and Ashurst LLP of concocting claims that the bank misrepresented the value of part of a $120 million deal for a stake in a mining company to avoid paying $70 million still due under the agreement at a London trial Monday. 

Law firm Ashurst and an energy investor have been accused at the High Court of inventing claims that a bank misrepresented the value of part of a $120 million deal. (AP) At the start of the High Court trial, counsel for Raiffeisen Bank International AC said Asia Coal Energy Ventures Ltd. purchased a nearly...

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