Wills & Trusts Law Reports | July/August 2015 #151In the early 1990s, Mr Pugachev founded the JSC Mezhdunarodniy Promyshlenniy Bank (the bank) in Russia. It became one of Russia’s largest privately owned commercial banking groups. On 4 October 2010, the Russian Central Bank revoked its banking licence and appointed a ‘temporary administration’ and on 30 November 2010 it was declared insolvent by the Russian court and placed into temporary administration. The state corporation ‘Deposit Insurance Agency’ (the DIA) was appointed as liquidator. Mr Pugachev left Russia for London in 2011. The Russian liquidation of the bank was recognised by...
James Thackray considers recent cases about freezing orders ‘Practitioners would be well advised to carefully consider the exact formulation of the freezing order sought on the initial application; consider if your client might need to seek disclosure of trust assets held by the defendant and how to ensure the additional wording is included in the …
Continue reading "Enforcement: Increasing use of judicial discretion?"
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