Representing Mr Andrus Kluge in a dispute with the Bank of Moscow

Ellex Raidla represented Mr Andrus Kluge, chairman of the Supervisory Board of Krediidipank, in a dispute with the Bank of Moscow. For our client the decision of the Supreme Court was positive. The head of Ellex Raidla team was partner Ants Nõmper in co-operation with senior associate Martin Mäesalu and associate Maret Kruus.

The dispute started when the Bank of Moscow did not agree with the truthful allegations of Mr Kluge stating that the Bank of Moscow tried several times to gain access to clients’ information subject to bank secrecy due to what the Bank of Moscow demanded to refute the allegation. The County Court and Circuit Court both agreed on the fact that the Bank of Moscow has tried to gain the access to clients’ information subject to bank secrecy. Also, the Supreme Court agreed with the decisions and the appeal in cassation of the Bank of Moscow was not proceeded.

Eesti Krediipank that was founded in 1992 and offers banking services to both private individuals and companies has offices and service locations all over Estonia and in Riga, Latvia.
 

Additional information (in Estonian) is available here.