MKD Law will represent the interests of a Russian mining and metallurgical holding company.
Russian mining and metallurgical holding Metalloinsvest will sue the National Bank of Georgia and Liberty Bank over the freezing of assets.
According to Business Media, MKD Law will represent the interests of the Russian holding company.
Leading lawyer of the firm Sandro Samadbegishvili has already commented on the lawsuit. According to him, the National Bank of Georgia said that it notified Metolloinvest about the need to block the funds by e-mail. But the Russian holding never received the legal document.
At the same time, the only published regulatory document was adopted by the National Bank in August, but it only specifies the need for commercial banks to comply with the sanctions of the US, EU and UK.
Therefore, the representative of Metalloinvest believes that there were not enough grounds to block the funds of the holding. Moreover, the company fell only under the sanctions adopted by Washington, but not by the European Union. Despite this, the funds were blocked in euros, not in dollars.
Earlier it was reported that Georgia joined the anti-Russian sanctions because of Ukraine.