JSC BTA Bank v Ablyazov and another


Reference:
[2016] EWHC 2606 (Ch)

Date:
15th August 2016

Court:
Chancery Division

Facts:

In the underlying proceedings, the Bank alleges that Mr Ablyazov and associates defrauded it of sums in excess of US$ 6 billion in 13 sets of proceedings in the Commercial Court and Chancery Division. Proceedings were also commenced in the USA as part of attempts to trace the proceeds of those frauds, for which the Bank required documents which were subject to undertakings not to use them for any other proceedings.


Judge:
Snowden J

Comment:

Caley, instructed by Hogan Lovells, acted for the Claimant Bank and obtained release from the undertakings.



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