Kinstellar Kyiv Managing Partner Kostiantyn Likarchuk has testified as an expert on Ukrainian law on behalf of a successful defendant in a multi-billion-dollar UK dispute in the English Commercial Court.
According to Kinstellar, "valued at over USD 2 billion, the complex proceedings involved wide-ranging accusations of fraud made by Mr. Vitaliy Gaiduk and Mr. Sergei Taruta against Mr. Oleg Mkrtchan. After an eight-week trial, the judge dismissed all of the claims against Mr. Mkrtchan, with the exception of a single claim regarding a transfer of shares, which the judgment itself recognized were likely worthless."
"This was a long-running dispute arising out of Ukraine," Kinstellar reports, "where proceedings against the defendants commenced in 2016 following one of the largest commercial transactions in Ukrainian history."
Likarchuk was instructed by Covington & Burling, which served as counsel for the defense.