Tag Archives: court cases about conduit companies

Court cases about conduit companies (Nestle case, Moscommerzbank case, Credit Europe Bank, Naryanmarneftegas case)

1. Nestle case 2015 (case #A40-16883/15, in favor of tax authorities) Nestle Finance International LTD (NFI) & NTC-EUROPE SA (NTC) lended money to Nestle Russia. Courts decided that: – real lender is NESTLE S.A. (parent company of Nestle Group) – NFI & NTC are just conduit companies, used only for proper compliance with the tax law… Read More »