Artem represents clients in Russian state courts of all instances and in the International Commercial Arbitration Court (ICAC) at the Chamber of Commerce and Industry of the Russian Federation.
Artem is recommended by the authoritative international legal directories Legal 500 and Best Lawyers.
In 2020 Artem is leading in individual “Pravo.ru – 300” ranking in the “Bankruptcy (including disputes)” category.
Artem specialises in complex bankruptcy cases, as well as representing clients in separate bankruptcy disputes, including defence from subsidiary liability and protection form invalidation of transactions. Artem expertise in litigation includes resolving disputes in the energy sector, recognition and enforcement of international commercial arbitration awards and foreign state court acts.
Projects:
Participation in the Metrostroy bankruptcy case. The project is critical, both for the continuation of the construction of the metro in St Petersburg and for the satisfaction of lenders’ claims through the return and sale of assets worth more than US$200m and subsidiary liability of the debtor’s shareholders.
Representing the leading transport companies in Russia in the bankruptcy case of the Antipinsky Oil Refinery with the lenders’ claims totalling US$5bn. The successful defence against challenging transactions in favour of clients required the establishment of a precedent for recognising forced payments late after filing for bankruptcy as committed in the ordinary course of business.
Representing the oil traders in the bankruptcy case of Samaratransneft-Terminal with a register of claims of US$662 million made it possible to achieve a peaceful settlement at the end of a year of disputes over the subordination of US$307m in bond claims. We also secured the inclusion in the register of a US$12m claim based on a pdf copy of a guarantee under Swiss law, the issuance of which the debtor denied.
Successfully represented RBC for three years in seven separate disputes in the bankruptcy case of a former subsidiary (RBC Money payment system), including protection from subsidiary liability, challenging the sale of a business and payments (the total value of the disputes was in excess of US$63m).
Successfully defending T Plus, the major Russian company operating in the field of electricity and heat generation, in connection with Volga Paper Company’s claim for damages of US$11.5m arising out of a sale and purchase contract for a thermal power plant.
Successful defence of one of the ten largest transport companies in Russia and its senior executives in courts of all instances, including the Supreme Court of the Russian Federation, in three disputes on subsidiary liability for US$7.8m as participants and members of the board of directors of a subsidiary, recovering corporate losses and challenging the debtor’s transactions with a related person with the aim of repeating attempts to bring clients to subsidiary liability.
Representing an Irish bank in connection with the recovery of more than US$200m in hidden assets under several bankruptcies of Russian companies as well as participation in a dispute in the Supreme Commercial Court of the Russian Federation on recognition in Russia the Order of the High Court of Justice of Northern Ireland in support of Russian litigations.
Defending a client who recently provided audit reports for one of the largest Russian retail chains in proceedings aimed at declaring the audit reports misleading on the basis of a claim of one of the shareholders of the chain who considers that the reports failed to address important issues affecting financial performance.
Participation in the preparation of an expert report for an LCIA arbitration under UNCITRAL Rules between the client and a major Cyprus investment company. The dispute arose out of REPO agreements with the client entered into in accordance with the Global Master Repurchase Agreement 2000 (GMRA) under English law.
Representing a German insurance company in connection with the recovery of US$8m under the bankruptcy case of a pharmaceutical products distributor, including bringing the client’s opponent to vicarious liability for losses and challenging transactions.
Defending a foreign insurance company against a US$2m recovery under a credit insurance contract in favour of an international pharmaceutical company.
Representing a Chinese travel company in a dispute with a Russian airline worth US$6m before the International Commercial Arbitration Court (ICAC) at the Chamber of Commerce and Industry of the Russian Federation.
Representing a Canadian network equipment manufacturer in disputes against the former director of a Russian branch, including bankruptcy, criminal prosecution and restoration of corporate control.
Representing Tetra Pak, a Swedish manufacturer of packaging equipment, in various disputes against buyers, lessees and tenants.