The Amur Region Commercial Court has ordered to seize the Baring Vostok investment company’s share in Vostochny Bank. The shares were seized as an injunctive relief in a lawsuit against Evison Holdings Limited (controlled by Baring Vostok) and Baring Vostok founder Michael Calvey for RUR 9.8 bio ($146 mio) in damages.
The seizure affected over 334 bio of the bank’s stocks. Evison owns 41.6262% of Vostochny Bank shares, which is the defendant’s only property in Russia known to the plaintiff that could be collected if the court does not grant Vostochny’s claim.