INTERNATIONAL ARBITRATION

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Ukrainian Post-Crisis Banking System: Ways of Solving Operational Issues

Distressed assets management remains one of the major issues in the operation of the banking system of Ukraine in the post-crisis period. To overcome the consequences of the crisis of the Ukrainian financial market, it is utterly important to enhance the banking system of corporate risk management in banking sector adopting both national experience and […]

Cross-border insolvency proceedings in Ukraine

On 19 January 2013 a new draft of the Ukrainian Law on Restoring Debtor’s Solvency or Declaring Debtor Bankrupt (hereinafter referred to as the “Law”) came into effect. The new draft introduced into Ukrainian legislation the cross-border insolvency concept which is well-known to the majority of jurisdictions.

Disputes arising from finance arrangements: post-crisis phenomenon in Ukraine – read more!

The 2008 financial crisis peak had hardly faded away, when another breaking news was brought to the surface in CIS countries: a significant part of the funds advanced during the pre-crisis period by banks and other financial institutions to support various businesses and commercial initiatives, flew beyond national frontiers to be found in Panama, BVI, […]

Piercing the Corporate Veil in Hungary

In the recent years international legal community has been widely discussing the need for, and the limits of, application of the piercing the corporate veil doctrine. Having its origins in common law countries, first and foremost the USA and the UK, the doctrine allows disregarding corporate shield of legal entities and is now quite familiar […]

Is the Door to England Still That Wide Open for CIS Disputes?

6 February has marked lawyers’ calendars with an important message from the UK Supreme Court: English courts will not accept the jurisdiction over a dispute having the “centre of gravity” in another country. In particular, the Court found that in a tort claim, where the key issues in the litigation would on the face of […]

WFO против Сергея Максимова

В свежем номере ЮП от 5 февраля опубликована статья Александра Геревича «Взять на арбитраж», в которой обсуждается недавний приказ Высокого суда в Лондоне (High Court of Justice) о всемирном замораживании активов бывшего мажоритарного акционера украинского VAB Банка Сергея Максимова (так называемый, worldwide freezing order или кратко WFO). Учитывая некоторые неточности, допущенные автором статьи, хотелось бы обратить […]

Ukrainian Court Recognises English Court Freezing Order

Olena Perepelynska: On 1 June 2012 the Ukrainian general court of first instance granted the request of JSC BTA Bank for the recognition of the Freezing Order of the English Court issued in the BTA Bank v Ablyazov and others proceedings (the “Order” and the “BTA Bank case” respectively).