Security For Costs Ordered Against Russian Claimant Despite Assets In Other Jurisdictions

White & Case review the English High Court’s decision in PJSC Tatneft v Bogolyubov [2019] EWHC 1400 (Comm), where Court granted security of costs against the Claimant, finding that there was a real risk of substantial obstacles to enforcement in Russia and that it was just to make an order for security of costs, despite evidence that the Claimant had assets in Switzerland and Cyprus.

See also the review of this case by Herbert Smith Freehills

About Phillip Rompotis

Phillip practices as a barrister and arbitrator in Hong Kong. He has over 25 years’ litigation and arbitration experience in commercial disputes relating to construction & engineering, financial services, joint venture & shareholders agreements, technology, trusts, property and landlord & tenant. He is a Fellow of the Chartered Institute of Arbitrators, the Singapore Institute of Arbitrators, the Malaysian Institute of Arbitrators, and a member of various lists/panels of arbitrators.

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