The Georgian legal company MKD Law filed two lawsuits against the National Bank and one of the leading commercial banks, which, according to the partner of the company Sandro Samadbegishvili are related to possible flawed implementation of the sanctions imposed by the United States of America by the National Bank.
MKD Law, representing a global steel and mining company, filed claims against one of the leading commercial banks (civil case), on one hand, and against the National Bank of Georgia (administrative case), on the other hand.
The two cases concern the erroneous implementation of the US sanctions into the Georgian legal system as well as the unnecessarily broad interpretation of the scope of sanctions by the commercial bank, causing material financial damage to the affected company.
"The plaintiff argues that the orders of the NBG contradict the Constitution and international treaties of Georgia, as well as the judicial practice of international courts. Both of the cases, which have been admitted by the court, are expected to set precedents in the Georgian judiciary" - commented the partner of the firm, Sandro Samadbegishvili, representing the interests of the client before the court.
In addition, the law firm MKD LAW and its partners defended the interests of Georgian businessman, Georgian Dream founder and former Prime Minister Bidzina Ivanishvili in the fight against Credit Suisse.
