UniCredit Overturns $69M Plane Payment Sanctions Ruling

By Ronan Barnard (June 11, 2024, 9:37 PM BST) -- UniCredit was entitled to withhold $69.3 million in payments to lessors for Russian planes because of sanctions, a London appellate court ruled Tuesday, partly overturning findings that it was not reasonable for the bank's U.K. branch to believe it could not make the payments. ...

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