Legal Success for Bank Austria

Western Europe › Germany ♦ Published: December 2, 2011; 16:45 ♦ (Vindobona)

A Swiss court granted the bank’s appeal against an obligation to pay € 245m to a German public body.

Legal Success for Bank Austria / Picture: © Uni Credit Group Bank Austria

UniCredit Bank Austria scored a success in a lawsuit relating to alleged claims of BvS (formerly Treuhandanstalt), the German public body for the reconstruction of the states of former East Germany.

BvS argued that AKB Privatbank Zürich, a former subsidiary of Bank Austria, should have been aware that their customers, former East German companies, could have been assets…

or Log In

Fast News Search
Related News
Austrian Minister of Economics Criticizes Hungary (November 21, 2011)
Jobs to be Cut at Bank Austria (November 15, 2011)
High Losses for Bank Austria (November 14, 2011)
UniCredit to Withdraw from CEE? (November 14, 2011)
Growth Potential in CEE Banking Sector (November 8, 2011)
Bank Austria Rethinks Expansion in Hungary (October 12, 2011)
Read More
UniCredit, Bank Austria, Banking Industry, Switzerland, Germany, Justice
Featured
See latest Vindobona Newsletter