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Monday, December 15 2025

Austrian Former Tycoon Benko Will Appeal Fraud Conviction, Lawyer Says

Austrian former property tycoon Rene Benko will appeal against his second conviction for insolvency-related fraud, his lawyer Norbert Wess said on Friday, Reuters reported. A court in his home city of Innsbruck handed Benko a 15-…

Monday, December 15 2025

Biotech Venture Fund Files Bankruptcy Over Battle With Russian Billionaire

A fund run by life sciences venture firm Apple Tree Partners filed for bankruptcy months after alleging that its Russian billionaire backer, Dmitry Rybolovlev, hasn’t met financing commitments because of liquidity problems at his…

Monday, December 15 2025

Russia's Central Bank Sues Belgian Financial Institution as EU Mulls Using Moscow's Frozen Assets

Russia’s Central Bank has filed a lawsuit against Belgian financial institution Euroclear, the Brussels-based clearing house that holds most of Moscow’s frozen assets in Europe, the bank said Friday, the Associated Press reported…