Supreme Court: Bank can only suspend service to client in exceptional cases

In a judgment issued Wednesday, the Civil Chamber of the Supreme Court of Estonia explained that a bank has the right to terminate a basic payment services contract concluded with a customer only under exceptional circumstances, i.e. only on compelling grounds. The judgment involved a case in which a bank had suspended the provision of services to companies allegedly tied to instances of money laundering in Russia in the so-called Magnitsky case.