JSC BM Bank v Vladimir Abramovich Kekhman and others
Monday 16 April 2018
Judgment was recently handed down in a lengthy fraud trial brought by a subsidiary of VTB Bank. The claims under Russian Law made against Russian businessman Vladimir Abramovich Kekhman included deceit and unlawful dissipation of assets.
Alan Gourgey QC acted successfully for the bank, securing judgment for over US$150m plus interest.
The judgment contains an interesting discussion on a number of issues including criteria for inferring fraud, consequences of failure to put your case to a witness, and the requirements that need to be satisfied for a claim under Article 1064 (general delict) of the Russian Civil Code.
Full judgment available to download here.