A Singapore court has recently reduced the damages owed by UBS to a Georgian billionaire by a significant amount, resulting in a lower total amount. This decision comes in the midst of the billionaire's ongoing legal battles with Credit Suisse over access to his funds, which he claims have had negative consequences for him.

In a recent interview, the billionaire expressed his hesitation to meet with U.S. officials, including the U.S. Ambassador to Georgia, due to personal complications arising from his financial issues. He emphasized that his main focus has been on recovering his assets rather than the interests of the state.

Following the favorable court ruling in Singapore, he mentioned that he has reached out to the American ambassador for a meeting, which is scheduled to take place after the upcoming parliamentary elections.