aA
Russian courts have finally dismissed an appeal filed by Vladimir Antonov, a former majority shareholder of the collapsed Lithuanian bank Snoras, against the dismissal of his lawsuit, worth 40 billion rubles (over EUR 500 mln), against Lithuania.
Vladimiras Antonovas
Vladimiras Antonovas
© Reuters / Scanpix

The Lithuanian Justice Ministry said on Tuesday that it been informed by the Arbitration Court of the District of Moscow that the appeal had been rejected.

In his lawsuit filed with the Arbitration Court of the City of Moscow on Aug. 5, 2016, Antonov sought 20.2 billion rubles (EUR 283 mln) in material damages and another 19.9 billion rubles (EUR 279 mln) in damages to his business reputation.

The case, in which Lithuania decided to exercise the jurisdictional immunity it is entitled to under international law, was closed on Oct. 28, 2016.

Antonov appealed the decision with the Arbitration Court of the District of Moscow, which on Jan. 30 upheld the lower court's ruling. The former Snoras shareholder filed an appeal shortly afterwards.

Snoras' operations were suspended in November 2011. British courts ruled in 2015 to extradite Antonov and Raimondas Baranauskas, another shareholder of the collapsed bank, who then lived in London, to Lithuania, but the men fled the UK and are now hiding in Russia.

|Populiariausi straipsniai ir video

Coronavirus emergency may mean restrictions, release from obligations for firms

The Lithuanian government's decision to declare a state-level emergency due to the coronavirus...

Finance minister: coronavirus to affect economy

The widening coronavirus outbreak will have implications for the Lithuanian economy , Finance...

Lithuanian businesses might feel coronavirus effect in spring

The coronavirus outbreak in China is already affecting Lithuanian businesses as some companies...

Leader in gaming and VR platforms to undergo major expansion in Lithuania

Unity Technologies , creator of the world’s most widely used real-time development platform for...

German polymer specialist establishing microduct systems production unit in Klaipeda

REHAU , a family-owned polymer specialist with annual sales of around EUR 3.5 billion, is...

Top news

Health ministry expands list of risky territories over coronavirus

Lithuania's Health Ministry has put Hong Kong , Iran, South Korea and Singapore onto the list...

Coronavirus emergency may mean restrictions, release from obligations for firms

The Lithuanian government's decision to declare a state-level emergency due to the coronavirus...

Vilnius is 7th most accessible city in Europe

Vilnius came in 7th place beating many other European tourist hotspots.

Zalgiris: Friday's Euroleague match against Milan team to go ahead as planned

Friday's Euroleague match between Zalgiris Kaunas and AX Armani Milan in Lithuania's...

Installation of Chinese CCTV in Kaunas raises security concern

The installation of a CCTV system produced by Chinese company Hikvision in Lithuania's...

|Maža didelių žinių kaina