Regional news: Russian Federation

Heads-Up: Simon Bushell at Seladore Legal in London

Featured in Heads-Up

“Many people are going to be sympathetic to the plight of those forced into potential insolvency by the pandemic, but the reality is there'll be lots of restructurings.” Simon Bushell, co-founding partner at Seladore Legal in London, discusses his career as a disputes lawyer specialising in cross-border fraud and asset recovery – and his recent use of cross-border insolvency tools with the aim of helping a Russian bankruptcy trustee realise assets across Europe.

05 March 2021

Freezing injunction? That ship sailed with recognition, court says

English courts might have jurisdiction in the strict sense to extend an interim freezing injunction after a debtor’s bankruptcy has been recognised in the UK – but to exercise that jurisdiction would set the UNCITRAL Model Law loose from its "insolvency moorings", a judge has found.

25 February 2021

Russian bankrupt opposes freezing injunction extension following recognition

Once foreign bankruptcy proceedings have been recognised, the English courts lack “small j jurisdiction” to continue a pre-recognition freezing injunction against the debtor, counsel to a bankrupt Russian businessman argued this week – ahead of a new recognition hearing in the Isle of Man.

19 February 2021

Russian bank’s liquidator circumvents hurdles to execute English judgment in the BVI

The liquidator of a defunct Russian bank that has been trying to claw back assets from its founder, has secured recognition of an English court’s judgment in the British Virgin Islands against a trio of hurdles – bringing him a step closer to accessing property held in a New Zealand trust.

28 January 2021

VTB secures winding-up order against Hong Kong company

The Swiss branch of Ireland-registered VTB Commodities Trading has won a winding-up order against a Hong Kong company that owes it substantial US dollar and Euro denominated debts.

08 December 2020

English court sanctions KCA Deutag’s scheme

International oil and gas services company KCA Deutag has secured court sanction of its English scheme, which its lawyers say is likely to be given effect in Russia, Oman, Norway, Germany and the US.

05 November 2020

Latham & Watkins announces January promotions

Latham & Watkins has announced promotions for two members of its restructuring and special situations group in London and Hamburg, as five other lawyers with relevant experience are also elevated across the firm.

30 October 2020

Canadian oil servicer Calfrac secures emergency stays in Texas and Alberta

A Canadian oilfield services provider that operates in Russia and Argentina has secured an emergency Chapter 15 injunction in Texas, as well as a stay on creditor proceedings in Alberta.

15 July 2020

US attorney sanctioned in Russian Chapter 15 case

A New York bankruptcy court has sanctioned a US lawyer for “brazenly” violating a discovery order against his client, a Russian businesswoman jailed for embezzling US$2 billion from a now-bankrupt bank.

16 October 2019

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