Vekselberg won a case against a Swiss bank due to the closure of accounts
Photo is illustrative in nature. From open sources.
The businessman's accounts were closed after he fell under US sanctions . Vekselberg went to COURT, but his claim was denied. He then filed an appeal and the Swiss Federal Court overturned the previous decision,
Billionaire, founder of the Renova Group, Viktor Vekselberg, won a case against the Swiss bank PostFinance (the financial division of Swiss Post) due to the closure of his accounts. This happened after the US imposed sanctions against the businessman. The decision was published by the Swiss Federal Court.
The documents say that Vekselberg, who lives in Switzerland and has been under US sanctions since April 2018, opened two accounts with PostFinance bank in the same autumn, in Swiss francs and in euros. However, in December, the bank notified the businessman of the termination of business relations and closing of accounts. In an explanation sent to Vekselberg, it was said that PostFinance conducted an analysis of his dossier, which showed "a discrepancy between the bank's strategy and the [client's] profile."
In February 2019, Vekselberg applied to the court of the canton of Bern with a demand to restore the accounts, but the court refused to satisfy his claim. After that, the businessman filed an appeal.
Vekselberg announced the blocking of $ 1.5 billion in accounts due to US sanctions Business
As a result, the Federal Court of Switzerland decided to cancel the decision of the court of the canton of Bern and satisfy Vekselberg's claim. The bank was ordered to maintain business relations with the plaintiff, as well as continue to service his accounts. PostFinance must also pay 8,000 Swiss francs (about $8,600) in legal fees and pay Vekselberg 9,000 francs (about $9,700) in compensation.
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