Gudavadze & ors v Anisimov


Reference:

Date:
1st March 2014

Court:
Commercial Court

Comment:

Watson Pringle was junior Counsel for the Claimants, the widow and daughters of the late Georgian billionaire Arkadi Patarkatsishvili, in their claim for over $1.5 billion in damages from Vasily Anisimov. The claim related to an oral agreement that had been reached in 2004 between Mr Anisimov and Mr Patarkatsishvili as to the use that they would make of $600 million that the latter had received following the sale of a shareholding RusAl, a large Russian formerly state owned aluminium company. The Claimants said that the two men had agreed jointly to invest in two projects, the larger of which was a large Russian iron ore company called Metalloinvest, and to split the profits made out of those projects 50:50. The case, which involved involved issues of jurisdiction, conflict of laws, privilege, fraud, Russian law, Georgian law and forensic accountancy, settled in Spring 2014.

 

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