Bank Julius Baer & Co will pay €105 million to settle a legacy matter.
The Swiss private bank has resolved a claim by the liquidator of a Lithuanian corporation filed with the first instance court in Geneva in 2019.
The claim was for a total amount of €335 million, plus five percent interest per annum since December 2011.
It related to the alleged use of the financial system for embezzling assets at a Lithuanian corporation by two of its executive...
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