Who is suing Britannia over a $1 billion deposit from Tether?

Arbitral International, a company registered in the British Virgin Islands, has sued Britannia over a $1 billion deposit from Tether, the Financial Times reported on Nov. 21, citing court documents filed in the High Court of Justice in London in 2023.

How much money has Britannia Financial donated to the Conservatives?

Through Britannia Financial, Herrera has donated £500,000 ($625,000) to the Tories since Boris Johnson became prime minister, according to the FT, and the firm sponsored the 70-year anniversary event of the late Queen Elizabeth II’s accession to the throne. In total, Britannia Financial has donated almost $800,000 to the Conservatives since 2019.

Does tether have a relationship with Britannia Financial?

A court case has revealed unique insights into Tether’s relationship with UK-based investment banking firm Britannia Financial, as High Court filings show the stablecoin issuer deposited over $1 billion with its subsidiary.