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Ilyashev & Partners Secures Enforcement of English Court Judgment in Russia

Ilyashev & Partners Secures Enforcement of English Court Judgment in Russia

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Ilyashev & Partners has convinced a Russian court to issue an enforcement order in a dispute between PJSC Alfa-Bank against businessman Kirill Podolsky, the former owner of the online agency Anywayanyday, in the amount of more than USD 12 million.

According to Ilyashev & Partners, "the Rostov Regional Court upheld the petition filed by the firm’s lawyers to enforce the relevant Order of the Commercial Court of the Queen’s Bench Division of the High Court of Justice in England and Wales in [a] suit filed by the PJSC Alfa Bank against Kirill Podolsky in the territory of the Russian Federation."

"This decision [sets] a precedent for Russian case law," Ilyashev & Partners reports, "since it entails the enforcement of the English court judgment in Russia. As a rule, decisions of English courts are not enforced in Russia due to the absence of the relevant agreement between the countries on the provision of legal aid and a fairly critical attitude of Russian courts to the ways the parties are served notifications in the UK."

"As a next step in this case," according to Ilyashev & Partners, "the firm will actually act to collect money from the debtor within the framework of enforcement or bankruptcy proceedings."

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

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