Westside law firm in IFLR 1000 international ranking

IFLR 1000 published the results of their annual international research on the basis of the year 2017. On the 17th of October Westside law firm was noted once again among the recommended firms.

The court dismissed the claim of “Yugra” against the Central Bank regarding temporal administration appointment – Sergey Vodolagin quoted by business edition RBK

Arbitration court of Moscow dismissed the claim of “Yugra” Bank. “Yugra” tried to challenge the order of the Central Bank of the Russian Federation on temporal administration appointment.

Westside law firm managed to protect interests of an investment company in a dispute involving the State Deposit Insurance Agency

The State Deposit Insurance Agency filed a claim to annul a transaction made by a bankrupt-bank. The transaction was about assignment of bank claims against several borrowers and was made within four days prior to temporal administration appointment. The claims (which were equal to RUB 130 Million in total) were assigned by the bank almost at half the price, which, in the opinion of the State Deposit Insurance Agency, constituted unequal consideration.

The major Crimean bank has been deprived of the American software: Sergey Vodolagin quoted by the “Vedomosti” business edition

The global company “Finastra” – the owner of a SWIFT software – has informed its Russian distributor “Finnet” that it is going to stop cooperation with the Russian National Commercial Bank (RNCB), the major bank of the Crimea. The above decision has been taken amid tightening of the American sanctions.

Siemens turbine engines in the Crimea: Sergey Vodolagin quoted by “Vedomosti” business edition

A claim regarding unlawful removal of turbine engines to the Crimea was filed by Siemens to the Arbitration court of the city of Moscow on July 11. According to Siemens, the reason for the above claim was removal to the Crimea of two of the four engines produced for the purposes of a thermal power plant construction in Taman by LLC “Siemens turbine engines technologies”, a joint venture of Siemens and “Power Machines”. Such removal was made “against the will” of Siemens. Such supply violates the sanctions, introduced by the EU against Russia in 2014.

Release of the cross-border contract guide prepared by LFN and Westside Law Firm