Matter
Great Station Properties SA & Anor v UMS Holding Ltd & Ors (High Court of Justice, Commercial Court, CL-2016-000354; [2017] EWHC 3330 (Comm))
- 5 October 2017England and Wales
5 October 2017England and Wales
Judgment dismissing the section 68 challenge to the arbitration Award ([2017] EWHC Comm 2398)
High Court of Justice, Commercial Court
- Citation
- [2017] EWHC Comm 2398
- Decision summary
- The court dismissed the Grigorishin Respondents' challenge to the arbitration Award under section 68 of the Arbitration Act 1996 and granted permission to enforce the Award as a judgment of the court.
2 months and 15 days later · 76 days
- 20 December 2017England and Wales
20 December 2017England and Wales
Judgment of the High Court of Justice, Commercial Court in case CL-2016-000354 dated 20 December 2017
High Court of Justice, Business and Property Courts of England and Wales, Queen's Bench Division, Commercial Court
- Citation
- [2017] EWHC 3330 (Comm)
- Decision summary
- The court granted a Worldwide Freezing Order to assist enforcement of the arbitration Award and the judgment entered on it. It found solid evidence of a real risk that the Grigorishin Respondents would dissipate assets, based on the tribunal's findings about the diversion of profits and the subsequent substitution of bearer investment certificates for traceable shares.
Supporting details
12 authorities · 13 participantsGreat Station Properties S.A.
- Representative
- Daniel Jowell QC (For: Great Station Properties S.A. · Inter Growth Investments Limited)
- Representative
- Richard Eschwege (For: Great Station Properties S.A. · Inter Growth Investments Limited)
- Representative
- Skadden Arps Slate Meagher & Flom LLP (For: Great Station Properties S.A. · Inter Growth Investments Limited)
Inter Growth Investments Limited
- Representative
- Daniel Jowell QC (For: Great Station Properties S.A. · Inter Growth Investments Limited)
- Representative
- Richard Eschwege (For: Great Station Properties S.A. · Inter Growth Investments Limited)
- Representative
- Skadden Arps Slate Meagher & Flom LLP (For: Great Station Properties S.A. · Inter Growth Investments Limited)
UMS Holding Limited
- Representative
- John Brisby QC (For: UMS Holding Limited · Energy Standard Fund Limited · Energy Standard Industries Limited · Stremvol Holdings Limited)
- Representative
- Tom Gentleman (For: UMS Holding Limited · Energy Standard Fund Limited · Energy Standard Industries Limited · Stremvol Holdings Limited)
- Representative
- Hogan Lovells International LLP (For: UMS Holding Limited · Energy Standard Fund Limited · Energy Standard Industries Limited · Stremvol Holdings Limited)
Energy Standard Fund Limited
- Representative
- John Brisby QC (For: UMS Holding Limited · Energy Standard Fund Limited · Energy Standard Industries Limited · Stremvol Holdings Limited)
- Representative
- Tom Gentleman (For: UMS Holding Limited · Energy Standard Fund Limited · Energy Standard Industries Limited · Stremvol Holdings Limited)
- Representative
- Hogan Lovells International LLP (For: UMS Holding Limited · Energy Standard Fund Limited · Energy Standard Industries Limited · Stremvol Holdings Limited)
Energy Standard Industries Limited
- Representative
- John Brisby QC (For: UMS Holding Limited · Energy Standard Fund Limited · Energy Standard Industries Limited · Stremvol Holdings Limited)
- Representative
- Tom Gentleman (For: UMS Holding Limited · Energy Standard Fund Limited · Energy Standard Industries Limited · Stremvol Holdings Limited)
- Representative
- Hogan Lovells International LLP (For: UMS Holding Limited · Energy Standard Fund Limited · Energy Standard Industries Limited · Stremvol Holdings Limited)
Stremvol Holdings Limited
- Representative
- John Brisby QC (For: UMS Holding Limited · Energy Standard Fund Limited · Energy Standard Industries Limited · Stremvol Holdings Limited)
- Representative
- Tom Gentleman (For: UMS Holding Limited · Energy Standard Fund Limited · Energy Standard Industries Limited · Stremvol Holdings Limited)
- Representative
- Hogan Lovells International LLP (For: UMS Holding Limited · Energy Standard Fund Limited · Energy Standard Industries Limited · Stremvol Holdings Limited)
High Court of Justice, Business and Property Courts of England and Wales, Queen's Bench Division, Commercial Court
- Judge
- Mr Justice Teare
- Date not availableArbitration
Date not availableArbitration
Arbitration Award in favour of Great Station Properties S.A. and Inter Growth Investments Limited
- Decision summary
- The arbitration tribunal found that the Grigorishin Respondents were liable to pay the Claimants US$305.8 million together with interest and costs, including damages arising from the diversion of profits and the Claimants' entitlement under the Option Agreement.
Supporting details
6 participantsGreat Station Properties S.A.
Inter Growth Investments Limited
UMS Holding Limited
Energy Standard Fund Limited
Energy Standard Industries Limited
Stremvol Holdings Limited