Bankruptcy of Euroclear

A Russian company JSC Geo-Systema has filed an application to the Commercial Court of Moscow for declaring Euroclear as a bankrupt.

Previously, the company had already submitted a claim against the Belgian depository, seeking to recover damages exceeding $1 million. The claims were granted, and the court decision has come into legal force.

Currently, the application has been accepted and a court hearing is scheduled for November 21, 2024.

We will monitor the developments and keep you informed about the progress of the case.

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