Credit Suisse to appeal Bermuda court ruling against Georgia’s former PM

A Bermuda appeals court on Friday largely dismissed Credit Suisse’s appeal in an ongoing case involving the Swiss bank’s local life insurance arm and Georgia’s former Prime Minister Bidzina Ivanishvili.

“The time has come for Credit Suisse to take responsibility for the crimes committed by its personnel, accept the rulings and repay in full the damages awarded by the Courts,” a spokesperson for Ivanishvili said in a statement.