The latest instalment of The Lawyer’s annual listing of the most significant and high-profile proceedings going through the court in the next twelve months includes Republic of Mozambique v Credit Suisse, Privinvest, VTB Capital and Others.
As described by The Lawyer, this case comprises a set of 11 Commercial Court proceedings concerning the impact of alleged bribery and corruption on a set of three sovereign guarantees purportedly executed by the Republic of Mozambique, with a combined value of c. US$2 billion. The Republic (and other parties) also bring claims for consequential losses, bringing the total value of the claim to above US$5 billion. Mixed issues of liability, quantum, state immunity and jurisdiction are due to be heard together at a three-month trial before Mr Justice Knowles in October 2023.
Leverets’ multi-disciplinary team, lead by Rupert Butler, Steph Davies and Owen Vanstone-Hallam, represent Andrew Pearse and Surjan Singh – two Credit Suisse bankers who pled guilty to criminal charges in the United States, having admitted receiving over $50m of kickbacks in respect of the transaction of loans made by Credit Suisse and VTB Capital which were guaranteed by the Republic of Mozambique.
For more information on this case please click here. More information on the entire Top 20 Cases listing from The Lawyer can be accessed by subscribers to www.thelawyer.com
