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UBS, Croatia to settle U.S. lawsuit over $45 mln in Yugoslavia-era debt
Thursday February 19th 2015, 10:14 am

UBS AG has reached a settlement with Croatia of a lawsuit filed in New York federal court claiming the republic owed it $45 million on defaulted debt assumed after the breakup of Yugoslavia. The Swiss bank said it expects Croatia's government will approve a final settlement agreement and make a payment by Monday. Neither a lawyer for Croatia nor a spokeswoman for UBS responded immediately to ... [News Source]