Russia’s largest transport operator, FESCO, had its chance today to block the $13.8bn dispute brought by jailed Russian businessman Ziyavudin Magomedov from going to trial in England, as the case entered its fourth day in a courtroom comprising over 50 lawyers. Magomedov, represented by litigation boutique Seladore Legal, argues that an elaborate conspiracy saw his […]
For those that stayed behind, the only clients left are linked to the Kremlin
It’s a widely accepted fact that oligarchs are a large source of income for both law firms and barristers in the City. Cases involving oligarchs can usually be divided into two larger camps: on the one hand, the ‘traditional’ old-school oligarchs who made their wealth in the final days of the former USSR. Their disputes […]
Telecoms giant Veon – formerly known as Vimpelcom – has made a new pledge to boost the offering in its three global shared services centres, The Lawyer can reveal. This effort is part of Veon in-house legal department’s major drive for efficiency and compliance. Veon set up three global shared services centres (GSS) in Moscow, […]
Sanctions and business lost to overseas jurisdictions is driving legal and technological reform in Russia, a conference in Kazan has heard
The Lawyer European Awards winner this year for the Russia, Ukraine and CIS category was Ukrainian-headquartered Integrites. The firm took home the top accolade for a targeted, international strategy which appears to be paying off with impressive growth and clients.
French firm Jeantet Associés has launched in Moscow with the hire of a team from Gide Loyrette Nouel, following up a similar move in Budapest and Kiev last year.
The District Court of the Hague has overturned a $50bn arbitral award against the Russian Federation in a long-standing dispute with the shareholders of oil company Yukos. The claimants’ lawyers from Shearman & Sterling and Dutch firm De Brauw Blackstone Westbroek said the court had “incorrectly applied” Russian law provisions and articles of an international […]
Central & Eastern European (CEE) firm Kinstellar has opened its ninth office, launching in the Ukrainian capital Kiev with the hire of a former partner of local firm Avellum. Kostiantyn Likarchuk was a partner at Avellum from the firm’s launch in 2009 until May last year. He left to become deputy head of the country’s state […]
This year, a landmark restructuring in Ukraine saw lawyers act on a sovereign bond issuance at a critical time for the country.
With a traditionally strong energy market hit by political instability, CIS nations are diversifying into green energy. Will law firms do the same?
Sanctions imposed by the EU after Crimea’s annexation have caused upheaval in the Russian market, but law firms remain optimistic. Q: What has been the impact on your firm’s business of the sanctions imposed against Russia by the EU in response to the Ukraine crisis? Sergey Pepeliaev, managing partner, Pepeliaev Group: Initially, many investors got […]