Tag: recognition and enfrocement

London High Court fails to recognize Russian insolvency proceedings
By 23 February, 2018 0 Comments Read More →

London High Court fails to recognize Russian insolvency proceedings

In December 2017, the London High Court set aside the recognition of the Russian insolvency proceedings in the United Kingdom in a case concerning Hermitage Capital Management dispute. The London High Court established that the Russian liquidator of Dalnyaya Step LLC (“Dalnyaya Step”) should have disclosed that the company had been previously prosecuted in the Russian Federation. […]

Posted in: Domestic Proceedings
Money Laundering Allegations by Kyrgyzstan against Latvian Investor Resurface in Paris Cour d’Appel
By 28 February, 2017 0 Comments Read More →

Money Laundering Allegations by Kyrgyzstan against Latvian Investor Resurface in Paris Cour d’Appel

In a recent judgment (21 February 2017), the Paris Cour d’Appel annulled the USD 15 million arbitral award in Valery Belokon v The Kyrgyz Republic rendered by the UNCITRAL tribunal against Kyrgyzstan under the 2008 Latvia-Kyrgyzstan BIT. The arbitral tribunal had previously rejected the allegations by Kyrgyzstan that the Claimant had, through its investment, Manas Bank, […]

Posted in: Investor-State Arbitration