The lawyer of former Prime Minister of Georgia, Bidzina Ivanishvili, Victor Kipiani releases statement on ongoing dispute with Swiss bank.

“The desire and necessity of our comment was conditioned by the provision of distorted information by the Mtavari TV to the public. Such biased coverage of the facts laid the groundwork for the very broad interpretation we have already mentioned.

Mr. Ivanishvili’s recent global dispute with the Swiss bank has coincided with several other suspicious facts. It is noteworthy that none of them has anything to do with this dispute or with the Credit Suisse.

From March to mid-April this year, Mr. Ivanishvili encountered some delays in the timely and unimpeded movement of pieces of art from London and New York. These delays were eventually resolved through legal and other channels. In addition, the time coincides with the complication of bringing a new helicopter from Germany to Georgia, purchased by Mr. Ivanishvili in exchange for the old one. It was supposed to be in Tbilisi in early March, but was actually brought in mid-April, although this artificially created problem was legally resolved.

Ivanishvili’s position is that all disagreements with Credit Suisse should also be resolved through legal means, and progress in this regard is already noticeable. The success achieved with the banking group at Bermuda is already known to the public; There are also all the conditions for achieving success in the process to be held in Singapore in September this year.

However, in parallel with the processes in Singapore and Bermuda, the banking group violated the rights of its important client, which was a new type of violation, namely the banking group refused to perform timely and proper transfers for the client. Moreover, the non-fulfillment of the tasks was not followed by any substantiated explanation, and the recent correspondence from Mr. Ivanishvili’s representatives had not been responded for several weeks. The disagreements have not been resolved to date. It was this attitude that made Mr. Ivanishvili file another lawsuit against Credit Suisse, this time under Guernsey’s jurisdiction. It is noteworthy that there is no connection between the previous legal proceedings against the Credit Suisse banking group and the delays in the bank transfers mentioned.

As in the case of a work of art or a helicopter, the dispute with the trust shall be settled in a legal manner, using all means prescribed by the relevant legislation. It was the law and legislation that Mr. Ivanishvili"s attitude has been directed towards to this day, and will continue to be so in the future. It is clear that this resilience and firmness do no good for the banking group, neither legally nor reputably.

At the same time, in case these issue raised here requires additional assessment and comment beyond the norms of law, Mr. Ivanishvili will do it himself through specially planned press conferences. Until then, there will be a call to stay within the legal norms in any assessment and not to go beyond them”, - reads the statement.