Acting for a Russian bank in
relation to asset freezing relief against a Russian businessman in England.
Not exact matches
Acting for a Russian bank in
relation to proposed enforcement proceedings relating
to an LCIA arbitration award against an individual borrower in Cyprus and other jurisdictions, including
asset freezing relief.
MIC sought
to enforce this judgment debt against Naftogaz's
assets in England by obtaining (i) a
freezing order against Naftogaz in
relation to its shares in a UK oil company; (ii) a default judgment against Naftogaz in the sum of such debt («English Default Judgment»); and (iii) a third party debt order requiring share dividends due
to Naftogaz
to be paid instead
to MIC and also a charging order in favour of MIC in respect of such shares.
The court discharged the
freezing order having found, on the facts, that it should not exercise its jurisdiction because Mobil could not demonstrate that: PDVSA's conduct in
relation to the
assets was unjustified, ie a risk of dissipation; the case was one of urgency; there was a connection between the dispute or the parties and this jurisdiction (there was never any suggestion of fraud); or that PDVSA had
assets in the jurisdiction.
R (Arab Republic of Egypt) v The Treasury Acting, led by Paul McGrath QC and Tim Eicke QC, for the Arab Republic of Egypt in its judicial review of the Treasury's decision
to withhold information relating
to assets frozen in
relation to a European Regulation.
Druces» Litigation & Dispute Resolution team works in conjunction with the Business Turnaround, Restructuring & Insolvency team in acting for clients on a variety of insolvency processes, procedures and litigation including the service of statutory demands, the presentation of bankruptcy and winding up petitions, applications for and defending against
asset -
freezing injunctions or injunctions
to prevent the presentation of bankruptcy and winding up petitions, actions in
relation to preferences and transactions at an undervalue, and other associated insolvency processes.
A dispute arose over a joint venture in which Mr Lukyanenko's companies held 49 % of a Cypriot company In
relation to post-judgment
freezing orders, just because a defendant has not paid a judgment does not mean a claimant has an automatic right
to get a
freezing order against that defendant's
assets.
This was based on the contention that its worldwide
freezing order and its judgments against Mr Ablyazov were located here and had been reduced in value by the alleged conduct in
relation to assets in other jurisdictions.