JP Morgan must stop suing directors of fintech Viva Wallet in Greece, London’s High Court ruled on Friday, in the latest round of a bitter legal battle over the Greek startup.
The U.S. bank brought a lawsuit in Athens in January against Viva’s CEO Haris Karonis and three other directors, seeking 916 million euros ($1.1 billion) as part of a dispute over JP Morgan’s investment in Viva.
Viva’s majority shareholder Werealize and the Viva directors responded by applying for an anti-suit injunction in London to stop JP Morgan pursuing its case in Greece.
Judge David