Client protected from RUB 1.6 billion claim in dispute over rights to securities

BIRCH LEGAL’s Dispute Resolution Practice successfully defended the interests of a foreign depositary in Russian court against the claim from an investor – the beneficiary of a foreign fund – regarding the transfer of rights to securities to him that were being held in a trust by the foreign fund in the amount of RUB 1.6 bn.

This is one of rare examples when the Russian courts have come to the aid of foreign companies in disputes where the Russian side constructs their position around foreign sanctions being imposed on them. The dispute concerned issues on the application of foreign law as well as the countersanctions Orders of the Russian President.

The project team consisting of Senior Associate Yury Knyazev, Associates Galiya Balgabaeva and Kirill Mironov, Junior Associates Ivan Tebenyov and Maria Zub, as well as Legal Assistant Elina Galieva was led by Partner Evgeny Oreshin.

Key contacts

Evgeny Oreshin

Partner, Attorney at law, Dispute Resolution

+7 903 777 9825 evgeny.oreshin@birchlegal.ru

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