High Court maintains stay of Yukos enforcement proceedings and declines to order US$7 billion of security

April 14 2021

Laurence Rabinowitz QC, Henry Hoskins and others, acting for the Russian Federation, have successfully resisted important applications by shareholders of Yukos in proceedings to enforce US$50 billion arbitration awards. Enforcement proceedings under s.101 of the Arbitration Act 1996 had been stayed by consent after the awards were set aside in the curial courts in the Hague. The awards were reinstated...

High Court finds that assets were held on secret trusts for bankrupt Israeli billionaire

April 12 2021

Mr Justice Morgan has held that a Romanian and a German, resident in Ibiza, are holding a corporate structure, headed by a UK company, on trust for a bankrupt Israeli billionaire, Mr Eliezer Fishman, for the purpose of concealing his assets. At the time of his bankruptcy, Mr Fishman had debts of approximately 3.9 billion New Israeli Shekels (approximately £830 million) – reportedly the largest...

One Essex Court and Herbert Smith Freehills to host LIDW21 member-hosted event on the new rules on trial witness statements

March 31 2021

During London International Disputes Week 2021 (LIDW21), One Essex Court and Herbert Smith Freehills are delighted to be co-hosting a webinar on “The new regime for trial witness statements: what to watch out for”.  This will take place on Wednesday 12 May 2021 at 09:00-10:00am BST. In this panel session, the speakers will outline the new rules on witness statements for trials in the...

Silks Day 2021

March 15 2021

Congratulations to Matthew Cook QC and Laurence Emmett QC on their formal appointment as Queen’s Counsel from today.