LCIA arbitration and related proceedings - $1 billion shareholder dispute over Russian bank

CANDEY is acting on behalf of a Russian holding vehicle in multi-jurisdictional proceedings in connection with a shareholder dispute over a substantial shareholding in a major Russian bank. There are a number of parallel LCIA arbitration claims in contract (including fraud) and tort arising out of the suite of transaction documents, with related proceedings ongoing in Cyprus, Russia, Italy and New York. The value of the parties’ competing claims is in the region of US$1 billion, and CANDEY’s client has already had initial success resulting in a partial award largely in its favour on substantive issues.

James Collins & Yuri Botiuk are the lead partners, assisted by Mei Wong.