RenCap seeks $130 million in unpaid fees

The Russian investment bank is chasing a former client for at least $130 million in unpaid fees - more than double the revenues of its London office last year

Renaissance Capital, the Russian investment bank, is chasing a former client via the London courts for unpaid investment banking fees.

The bank is seeking "in excess of $130 million, plus interest and costs", according to accounts for Renaissance Capital Limited, its London-based operation, for the year ended December 31, 2012 - filed at Companies House last week.

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