Russia FSU disputes
RPC has extensive experience of acting on large scale, complex disputes emanating from Russia and the former Soviet Union (FSU).
Our prominent team routinely acts on some of the biggest arbitrations and pieces of litigation before the English Courts that relate to the region, and possesses the in-depth understanding of local business practices and cultural issues to help clients successfully navigate such disputes (many of which have involved significant fraud and asset tracing exercises)
Bank St Petersburg
Listed in The Lawyer as one of the top 20 cases of 2016, RPC acted for BSP in proceedings in the Chancery Division against oligarch Mr Arkhangelsky and his wife to enforce a series of contracts worth US$30m+ in the form of personal guarantees given by Mr Arkhangelsky. Judgment was handed down in May 2018; our client succeeded in all of its debt claims and the counterclaim was dismissed in full. The Defendants / Counterclaimants have issued an application for permission to appeal, which the Court of Appeal is yet to decide.
Mr Oleg Deripaska and Filatona Trading Limited
Acting for Mr Deripaska and his company Filatona in their challenge to the jurisdiction of an arbitral tribunal under ss.67-68 of the Arbitration Act 1996.
The Fiona Trust litigation
Acting for the Claimants, Russian state-owned ship owners, Sovcomflot in the well-known and long-running Fiona Trust litigation. The complex proceedings, worth US$85m, involved a claim for damages said to have been suffered as a result of the freezing orders which had been made during the course of earlier which had exceeded the judgment awards made. The claim went to trial in July 2016 and has so far been appealed to the Court of Appeal.
Administrator of a Latvian Bank
We acted for an insolvent Latvian bank, AS Latvijas Krajbanka in respect of the enforcement of an English judgment against a high-profile Russian national. We received our instructions from the bank's insolvency process administrator in Latvia, and advised in relation to enforcement options against the defendant's worldwide assets, which are the subject of multiple worldwide freezing orders.