Protecting a major international bank's rights to securities with a total value of nearly RUB 1 billion.

Pepeliaev Group's banking practice, together with colleagues from the bankruptcy and anti-crisis protection of business practice, had success in several connected lawsuits in courts of different levels, protecting a major international bank's rights to securities with the total value of nearly RUB 1 billion. They further confirmed that our client owned these securities lawfully as a foreign nominee holder and a custodian under a Global Depositary Receipts Programme. These lawsuits are connected with a range of rather new statutory provisions on the securities market and on protecting investors’ rights. They are of great significance for the entire Russian financial market and the market of services provided by nominee holders to keep and account for securities.