Dmitry represents Russian and international clients in complex bankruptcy, corporate and commercial disputes in Russian state courts, including disputes over disputed transactions and management liability.
His experience covers settling distressed assets in the industrial, agricultural, and retail sectors.
Some examples of Dmitry’s projects are provided below.
Projects:
Insolvency
Representing a lender in an insolvency case of a major regional retailer. As a result, the lender’s claims of more than US$83.4m were included in the lender’s register, lease agreements were recognised as invalid and the claims of affiliated parties for more than US$70.6m failed. We also removed and recovered damages from the affiliated bankruptcy trustee.
ЧитатьSuccessfully defending a lender in 7 interconnected disputes over the seizure of a bankrupt person’s property valued at over US$8m. As a result, the properties were saved and sold, and the money from the sale was used to repay the client’s debt.
ЧитатьSuccessfully representing a bankruptcy trustee in a dispute on bringing management to liability for transactions on withdrawal of property and for concealment from lenders of reliable information on the real performance of the company. As a result, the beneficiary and directors of the company were held liable for over US$8m.
ЧитатьRepresenting the bankruptcy trustee in insolvency proceedings of an oilseed processing plant. Due to the right litigation strategy the complex asset (plant with machinery pledged to two different banks) was sold within 1.5 years (instead of the standard 2.5–3 years for such cases) of the start of bankruptcy proceedings.
ЧитатьDomestic Litigation
Defending a major bank's subsidiary in a dispute against Sovcombank (a major Russian sanctioned bank). The client’s UK affiliate and the opponent entered into agreements under which the opponent was allegedly owed RUB 1.4bn. The funds were transferred to a blocked account. The agreements contain arbitration clauses and are governed by English law, but the claimant is seeking to recognise the exclusive jurisdiction of Russian courts as well as apply Russian law due to sanctions. The project is complicated by the fact that the claimant intends to recover the debt not only from the client’s UK affiliate, as a counterparty to the agreements, but also from a Russian bank that is part of the client’s conglomerate, however, has nothing to do with the agreements in question.
ЧитатьRepresenting a bank (a pledgee) in a case initiated by a prosecutor for conversion of property valued at over US$250m into state revenue in connection with a corruption offence. To date, a partial dismissal of our opponent's claims has been succeeded.
ЧитатьSanctions
Insolvency
Representing a lender in an insolvency case of a major regional retailer. As a result, the lender’s claims of more than US$83.4m were included in the lender’s register, lease agreements were recognised as invalid and the claims of affiliated parties for more than US$70.6m failed. We also removed and recovered damages from the affiliated bankruptcy trustee.
ЧитатьSuccessfully defending a lender in 7 interconnected disputes over the seizure of a bankrupt person’s property valued at over US$8m. As a result, the properties were saved and sold, and the money from the sale was used to repay the client’s debt.
ЧитатьSuccessfully representing a bankruptcy trustee in a dispute on bringing management to liability for transactions on withdrawal of property and for concealment from lenders of reliable information on the real performance of the company. As a result, the beneficiary and directors of the company were held liable for over US$8m.
ЧитатьRepresenting the bankruptcy trustee in insolvency proceedings of an oilseed processing plant. Due to the right litigation strategy the complex asset (plant with machinery pledged to two different banks) was sold within 1.5 years (instead of the standard 2.5–3 years for such cases) of the start of bankruptcy proceedings.
ЧитатьDomestic Litigation
Defending a major bank's subsidiary in a dispute against Sovcombank (a major Russian sanctioned bank). The client’s UK affiliate and the opponent entered into agreements under which the opponent was allegedly owed RUB 1.4bn. The funds were transferred to a blocked account. The agreements contain arbitration clauses and are governed by English law, but the claimant is seeking to recognise the exclusive jurisdiction of Russian courts as well as apply Russian law due to sanctions. The project is complicated by the fact that the claimant intends to recover the debt not only from the client’s UK affiliate, as a counterparty to the agreements, but also from a Russian bank that is part of the client’s conglomerate, however, has nothing to do with the agreements in question.
ЧитатьRepresenting a bank (a pledgee) in a case initiated by a prosecutor for conversion of property valued at over US$250m into state revenue in connection with a corruption offence. To date, a partial dismissal of our opponent's claims has been succeeded.
ЧитатьSanctions
Advising a major global leasing company on Russian sanctions and insurance regulations in a litigation in an English court. The dispute arose between the client and insurance companies, which refused to treat the failure to return more than one hundred aircraft leased to Russian airlines due to Russian export restrictions as an insured event.
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