Frankfurt Court Backs Deutsche Bank in Russia Sanctions Loss Dispute With Linde
Updated
Updated · Bloomberg · Jul 14
Frankfurt Court Backs Deutsche Bank in Russia Sanctions Loss Dispute With Linde
1 articles · Updated · Bloomberg · Jul 14
Summary
Frankfurt Regional Court said it is inclined to rule for Deutsche Bank in the lender’s lawsuit against Linde over losses tied to Russia sanctions.
Judge Corinna Distler gave that indication at a Tuesday hearing, signaling the bank may avoid bearing the disputed costs.
The case centers on which side must absorb sanctions-related losses, making it a closely watched corporate fallout dispute from Western restrictions on Russia.