Further information regarding Sudan litigation

BNP Paribas has very clearly stated its unwavering intention to appeal. There is no doubt whatsoever that the Bank will fight this case and use all recourses available to it.  We strongly believe this verdict should be overturned on appeal.

We would like to also state that during the years the Bank operated, it did so in providing essential financial services to people and businesses in processing normal civil banking transactions. There is no causation between our normal banking transactions and the plaintiffs.

This claim is governed by Swiss Law. The Bank offered financial services that were allowed under governing European and Swiss Law. The Swiss Government itself confirmed that these claims under Swiss Law have no legal basis and even took the extraordinary step of submitting a letter to the Court ahead of trial confirming that there is no viable claim for accomplice liability against BNP Paribas here. 

Once again, the Bank reaffirms that this result is clearly wrong and ignores important evidence the Bank was not permitted to introduce. We are going to pursue all available avenues to contest this judgment. Furthermore, this verdict is specific to these three plaintiffs and should not have broader application. Any attempt to extrapolate is necessarily wrong as is any speculation regarding a potential settlement. The Bank considers that it does not have any pressure to settle this case.

That is why we believe that the decision will be overturned.