OUR TEAM’S EXPERIENCE INCLUDES ADVISING:
a shareholder of a major transport and logistics company in a corporate dispute involving LCIA proceedings, obtaining court orders in the British Virgin Islands, the Cayman Islands and Cyprus (including orders to appoint a liquidator, to provide security to cover expenses, to prohibit voting), claims based on damages as a result of the conspiracy in tort;
Gazprom in confidential arbitration in the amount of about EUR 6 billion;
Russian individuals and legal entities in connection with challenging sanctions in various jurisdictions (EU, UK, USA, Canada, Switzerland, Australia);
a Russian investment company in the process of releasing securities frozen by Euroclear due to sanctions;
a major Russian transport company in a dispute with a German manufacturer of transport equipment. The amount of the dispute is about EUR 150 million, many aspects of this dispute are related to sanctions and other developments over the recent months;
Huadian, one of China’s largest state-owned energy, coal mining and grid construction corporations, in a series of litigations in Russia in a high-profile corporate dispute pertaining to damages;
Sberbank in connection with extrajudicial foreclosure on shares in Vikay Industrial Limited, the owner of the Antipinsky Refinery, debt recovery proceedings (with the debt of US$3 billion);
a major investment fund in relation to a corporate dispute with a partner in a pharmaceutical joint venture, including obtaining an order to appoint a liquidator in Cyprus and foreclosure on intra-group loans;
a major investment fund in relation to the recovery of debt under a put option, including obtaining a worldwide freezing order (WFO) for US$100 million, as well as initiating the recovery of damages from the ultimate beneficiary and its affiliates as a result of their actions to reduce the value of debtor’s assets;
Sberbank as part of a multi-jurisdictional restructuring of the debt of the largest private company in Croatia, Agrokor Group, including representing the client’s interests in more than 20 litigations and arbitration proceedings in European countries in order to recover debts in the amount exceeding EUR 1 billion;
a major Russian bank in relation to recovering non-contractual damages in the amount of US$150 million from the ultimate beneficiary of one of the debtors as a result of misrepresenting its financial position upon receiving financing, including obtaining orders to disclose information about assets of the ultimate beneficiary, world freezing orders, as well as orders for the appointment of an external administrator in relation to such assets in Cyprus, the British Virgin Islands and Singapore;
ABN AMRO in connection with debt recovery in Russia and Cyprus and freezing orders against Russian companies;
Royal Bank of Scotland (RBS) and other syndicate banks in LCIA arbitration, numerous bankruptcy and enforcement proceedings, including freezing orders and other interim measures in Russia and Kazakhstan, as part of a claim in the amount of US$300 million against a Russian and Kazakh grain producer;
a major Russian bank in connection with the recovery of a US$200 million debt from a Russian businessman, including participation in liquidation proceedings, multiple freezing orders, asset tracing and parallel litigations in Russia, Cyprus, the British Virgin Islands and Luxembourg;
ING Bank, as part of the enforcement of a US$50 million claim against a manufacturing company, related arbitration and parallel proceedings in various jurisdictions against the Cypriot, Russian and Kazakh defendants, and in respect of the freezing of defendant’s assets in Russia and enforcement proceedings in a number of Russian regions;
a foreign company in connection with the inclusion of a claim in the amount of US$150 million in the register of creditors’ claims in Russian bankruptcy proceedings based on the LCIA award;
MMK within the framework of the recognition and enforcement in Italy of the ICAC decision. We managed to obtain an award on the enforcement of the ICAC decision until its recognition in Italy. As a result (and due to the risk of foreclosure on debtor’s assets), the opponents agreed to an amicable settlement of the dispute with the payment in favour of MMK of the entire amount awarded by the ICAC;
a major Russian metallurgical company in disputes under several contracts for the supply of metallurgical equipment concluded with foreign manufacturers. The disputes were governed by Swedish, English and Swiss law. The disputes were terminated following the execution of a settlement agreement on the terms favourable for our client;
a Russian businessman in numerous litigations in the Seychelles, Belize, Liechtenstein and Russia in connection with asset tracing and misappropriation for approximately US$200 million;
a platform for the provision of distance learning services in a dispute with the copyright holder over the calculation and the amount of royalties;
an owner of a chain of shopping centers in a dispute with the anchor tenant of the shopping center regarding the recovery of rent and termination of the contract due to restrictions caused by COVID-19;
a major cement manufacturer in two arbitration proceedings under English law before the ICAC in a dispute for damages due to a breach of representations and warranties, as well as in Russian legal proceedings pertaining to the enforcement and challenging of arbitration awards;
a minority shareholder of a major commercial seaport in relation to the siphoning of the port’s profits to a company affiliated with the majority shareholder, including the initiation of criminal proceedings and obtaining interim measures in Russia; and
a major Russian bank in relation to a fraud claim in the amount of about EUR 20 million as a result of debt recovery. To date, the Cypriot court has dismissed two applications for interim measures filed by the plaintiff, and has ruled in favour of our client and other defendants.
