US Court delivered a judgment in favor of BTA Bank
On August 05, 2020, the US District Court for the Southern District of New York delivered a judgment in favor of BTA in a dispute against bondholders of a group of Panamanian affiliated companies: Atlantica Holdings Inc, Baltica Investment Holding Inc, Blu Funds Inc.
US District Court ruled against Ilyas Khrapunov and Viktor Khrapunov
May 19, 2020. The United States District Court for the Southern District of New York ruled in favor of BTA Bank and the Almaty Akimat (Mayor's office), imposing sanctions on Ilyas Khrapunov and Viktor Khrapunov for violating court orders, giving false testimony and intentionally destroying relevant evidence in the course of the proceedings.