(1) Inna Gudavadze; (2) Iya Patarkatsishvili; (3) Liana Zhmotova; (4) Nana Patarkatsishvili v Vasily Anisimov
When? 17 March 2014, for 30 days
Where? Commercial Court
The latest episode in litigation stemming from the dispute between Russian oligarchs Boris Berezovsky and Roman Abramovich hits court in March, with $1.5bn in dispute.
Although Berezovsky’s claims against the family and estate of the late Arkady ‘Badri’ Patarkatsishvili settled, the family have now brought claims against Russian businessman Vasily Anisimov. Anisimov’s Chancery Court fight with Berezovsky also collapsed in 2012.
The latest set of claims against Anisimov see the Patarkasishvili family, Inna Gudavadze and her two daughters, claiming a part-entitlement to the 20 per cent share formerly held by Anisimov in mining company Metalloinvest. They allege that the two businessmen agreed that Anisimov would invest in Metalloinvest’s forerunner, Mikhailovsky, a portion of the proceeds he received from the sale of a stake in aluminium giant Rusal in 2004.
Anisimov says Patarkatsishvili orally agreed to split the Rusal proceeds with him and that he used this money to purchase his own stake in Mikhailovsky.
For the claimants (1) Inna Gudavadze; (2) Iya Patarkatsishvili; (3) Liana Zhmotova; (4) Nana Patarkatsishvili
Maitland Chambers’ Paul Girolami QC and Serle Court’s Jonathan Adkin QC leading New Square Chambers’ Watson Pringle and Fountain Court’s Paul Casey, instructed by Signature Litigation partner Graham Huntley
For the defendant Vasily Anisimov
3 Verulam Buildings’ Ali Malek QC and Sonia Tolaney QC leading Anne Jeavons and Sandy Phipps of the same set, instructed by Freshfields Bruckhaus Deringer partners Ian Terry and Matthew Bruce, and associate Samantha Trevan
(1) Fortress Value Recovery Fund LLC (2) ZBS Capital Partners LP (3) Cypress Way European Asset Investors II Sarl v Blue Skye Special Opportunities Fund LP & Ors, Stepstone
When? May 2014, 50 days
Where? Commercial Court, Judge TBC
This substantial fraud claim arose out of the reorganisation of the €200m Blue Skye Investment Group in Italy. The fight pits the investment funds managed by the Fortress Investment Group against the managers of the Blue Skye Investment Group, Salvatore Cerchione and Gianluca D’Avanzo. The disputes between the Parties were settled on terms satisfactory to the Parties and without admission of liability.
The battle is over allegations that the Blue Skye managers acted with 12 other corporate entities to dishonestly reorganise the company to dilute the claimants’ interests. It is alleged that the scheme was designed to enable Cerchione and D’Avanzo to take control of it and benefit themselves.
Refuting the allegations, the defendants contend that the reorganisation was necessary to comply with Bank of Italy regulations and to raise liquidity.
The case has already generated two massive decisions, one handed down by the CoA after several defendants, including the two managers, requested the case be stayed because of an arbitration clause. The decision generated an important consideration of the relationship between the Arbitration Act 1996 and the Contracts Act 1999 around third-party arbitration rights.
For the claimants (1) Fortress Value Recovery Fund LLC, (2) ZBS Capital Partners LP and (3) Cypress Way European Asset Investors II Sarl
3 Verulam Buildings’ Ewan McQuater QC and David Quest QC leading Richard Hanke and Miriam Schmelzer, instructed by Slaughter and May partner Efstathios Michael
For the defendants Blue Skye and Part 20 defendants Salvatore Cerchione, Gianluca D’Avanzo & Ors
Brick Court Chambers’ Mark Hapgood QC leading Alan Roxburgh and Nicholas Saunders, all of Brick Court, instructed by Signature Litigation partner Graham Huntley
For the fourth defendant and Part 20 claimant Stepstone Acquisition Sarl
One Essex Court’s Craig Orr QC leading Jamie Goldsmith and Alexander Brown, instructed by DAC Beachcroft partner John Bramhall