Latvian State Asset Firm Seeks $75 Million From Russia in Court
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Reverta AS, the state-owned Latvian asset management company, is seeking $75 million from Russia at the European Court of Human Rights to recover funds from a loan granted almost a decade ago.
The case was filed in 2013 after the Russian Supreme Commercial Court refused to enforce an arbitration ruling on the credit provided by Parex Banka AS, according to a copy of the claim submitted to the human rights court and obtained by Bloomberg.