City firms claimed £14m costs in oligarch case

first_imgMr Justice FancourtCity law firms representing two oligarchs accused of a multi-billion-pound fraud at a now state-owned Ukrainian bank claimed around £14m in costs after successively arguing that the case should not be heard in London.In a judgment on costs published this week, Mr Justice Fancourt awarded a portion of the claimed costs, around £8.4m, to businessmen Igor Kolomoisky and Gennadiy Bogolyubov and five businesses to which they have or have had connections.The judgment shows that international firm Fieldfisher, which represented Kolomoisky, claimed around £9m. Bogolyubov, now represented by Enyo Law and previously by Skadden, claimed £2.9m, while lawyers for the five companies claimed £2.1m.After considering the ‘very very substantial’ costs, Fancourt J awarded interim payments of £4m (Kolomoisky), £2m (Bogolyubov) and £1.5m (the five companies). The costs judgment comes after the High Court ruled in PJSC Commercial Bank Privatbank and Igor Valeryevich Kolomoisky & Others, that the English courts do not have jurisdiction to hear the claims by PrivatBank.A worldwide freezing order for misrepresentation and non-disclosure previously obtained by the bank was also stayed. The oligarchs deny any wrongdoing.PrivatBank, represented by international firm Hogan Lovells, has said it will appeal the ruling.Assessing the £9m costs, Fancourt J said the sum was hard to quanitify as there is ‘no costs schedule equivalent to the kind of schedule that is produced on a summary assessment.‘The short schedule that has been produced provides very little detail at all. It contains, for example, single items for work done on documents for 7,107 hours and 58 minutes, amounting to £2,008,000 of fees, and in another part of the schedule another 4,506 hours of work done on documents for £1.55 million of fees,’ Fancourt J wrote.Fancourt J also rejected a claim by PrivatBank that the fees be placed into a solicitor’s holding pending the outcome of any appeal. ‘At this stage it is clear that very substantial amounts of money have been spent by the defendants on legal fees. It seems to me appropriate, on the basis of my findings, that they should have those interim payments on account of costs at this stage,’ his judgment found.last_img read more

HS Bowling: Mentor Cardinals Boys Varsity Bowling Tops Brunswick Blue Devils 2746-2409

first_img Matt Loede has been a part of the Cleveland Sports Media for over 21 years, with experience covering Major League Baseball, National Basketball Association, the National Football League and even high school and college events. He has been a part of the Cleveland Indians coverage since the opening of Jacobs/Progressive Field in 1994, and spent two and a half years covering the team for 92.3 The Fan, and covers them daily for Associated Press Radio. You can follow Matt on Twitter HERE. Matt Loede Related TopicsBrunswick Blue DevilsMentor Cardinalscenter_img The Mentor Cardinals Boys Varsity team took home a win on Wednesday afternoon, topping the Brunswick High School Boys Varsity team 2746-2409.Providing consistency on an otherwise inconsistent day was junior, Anthony Costanzo (217-218, 435). So far this season, Costanzo has reached 200 at least once in all but 2 events.The Blue Devils found themselves in an early deficit and could not recover. Helping Brunswick limit the damage was freshman, Jordan Tucker (217-375).A bright spot for the Blue Devils on the day was the constant improvement during the Baker Games (181-181-194) as they took 2 of 3 from Mentor.“Mentor is a good team and a strong program,” said head coach Ryan Jakubczak. “We came out looking to have a strong day and take care of our business on the lanes. We did a fair job with that, but they came out on a mission. We need to move on from this and focus on the future.”The Blue Devils are back in action on Friday when they host Cuyahoga Falls. This match is scheduled for a 3:30 start at Dick Hoover’s Lanes.last_img read more

Prep Sports Schedule- Thursday, October 10th

first_img Visit Advertiser website GO TO PAGE Skip Four St. Cloud area teams will meet in two Section 8A boys soccer matches slated for Thursday night. The Sauk Rapids-Rice Storm will play at Sartell at 4 p.m., followed by Apollo taking on Cathedral at SCSU at 7 p.m.ELSEWHERE:Girls SoccerApollo vs Sartell 4 PMMelrose @ Tech 5 PM Auto (360p) About Connatix V56490 360p 720p HDcenter_img 1080p HD About Connatix V56490 1/1 VolleyballFergus Falls @ SartellMonticello  @ Sauk Rapids-RiceApollo @ TechLitchfield @ Cathedrallast_img