Swiss private banking group Julius Baer has faced a renewed lawsuit for €335m ($372m) with 5% interest by the liquidator of a Lithuanian corporation.

The liquidator of the corporation had previously also brought the claim that the Swiss bank failed to restrict two of its clients from laundering the corporation’s assets around a decade ago.

In October 2018, the Lithuanian court of last instance rejected the claims of the liquidator.

“As previously disclosed, the liquidator of said corporation has unsuccessfully sued the Bank for an amount of EUR 306 million in Lithuania,” Julius Baer said.

Currently, the corporation’s liquidator is looking to sue the Swiss bank in Geneva and court proceedings have already started.

Julius Baer said that it will contest the claim “vigorously”.

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Other legal issues

Julius Baer has been entangled in several legal tussles lately.

Last year, Julius Baer closed a 2016 deferred prosecution agreement (DPA) with the US Department of Justice over aiding tax evasion. Under the agreement, the bank was required to pay $547.25m.

Julius Baer was also under the scanner after the indictment of its ex-staff Matthias Krull in a money laundering case involving Venezuelan state-owned oil company Petroleos de Venezuela.

The bank itself was not accused of wrongdoing in the case.