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Deutsche Börse AG: Bank Markazi filed complaint against Deutsche Börse AG subsidiary Clearstream

Release date: 18 Jan 2018 12.10 AM

Deutsche Börse AG: Bank Markazi filed complaint against Deutsche Börse AG subsidiary Clearstream

 
18-Jan-2018 / 00:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.



In the context of the ongoing disputes regarding assets of the Central Bank of Iran ("Bank Markazi"), Clearstream Banking S.A., Luxembourg ("Clearstream"), a 100 per cent subsidiary of Deutsche Börse AG, was served today with a complaint of Bank Markazi naming Banca UBAE S.P.A. ("UBAE") and Clearstream as defendants.
 
The complaint filed before the Luxembourg courts primarily seeks the restitution of assets of Bank Markazi which the complaint alleges are held on accounts of UBAE and Bank Markazi with Clearstream totaling approximately USD 4.9 billion plus interest. Alternatively, Bank Markazi seeks damages in the same amount.
 
The assets sought include assets in the amount of approximately USD 1.9 billion that were turned over to US plaintiffs pursuant to a 2013 binding and enforceable US court order in a proceeding to which Bank Markazi was a party. The claim also addresses customer assets of approximately USD 2 billion, which include assets that are held at Clearstream and which are currently subject to US and Luxembourg litigation brought by US plaintiffs, and addresses assets that were previously transferred out of Clearstream to UBAE.
 
Clearstream believes the complaint against it to be without merit. Clearstream will take all necessary and appropriate measures to vigorously contest the claims.



Contact:
Martin Halusa
Group Communications
Deutsche Börse AG
Phone: +49 69 211 1 29 01

Kai Fischer
Group Communications
Deutsche Börse AG
Phone: +49 69 211 1 86 73

E-Mail: media-relations@deutsche-boerse.com18-Jan-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language:English
Company:Deutsche Börse AG
 -
 60485 Frankfurt / Main
 Germany
Phone:+49 (0)69 211 - 0
E-mail:ir@deutsche-boerse.com
Internet:www.deutsche-boerse.com
ISIN:DE0005810055, DE000A1RE1W1, DE000A1R1BC6, DE000A161W62, DE000A1684V3
WKN:581005, A1RE1W, A1R1BC, A161W6, A1684V
Indices:DAX
Listed:Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
 
 
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