LCIA arbitration and related high court proceedings - acting for Russia’s largest oil refinery

CANDEY acted for a substantial Russian oil refinery in hard fought LCIA arbitration proceedings with a Russian state owned bank in connection with a series of contractual and tortious claims valued at in excess of EUR 200m. A number of separate LCIA claims were initially commenced, which have since been consolidated. The proceedings have also seen:

(a) Hotly contested High Court injunction proceedings commenced in support of LCIA arbitration, with CANDEY’s client successfully obtaining the discharge of an interim mandatory order initially issued against it in December 2019; and

(b) Claims brought by a third party intervener in respect of the ownership of certain commodities which were the subject of the interim order, with Part 20 claims also sought to be brought by the original applicant as against other non-parties to the arbitration agreement.

CANDEY’s client is also now the subject of ongoing formal bankruptcy proceedings in Russia, which will have implications for these various proceedings.

James Collins and Yuri Botiuk are the lead partners, together with Muhammed Haque QC and Lionel Nichols (both as Counsel) and Duncan Henderson.