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

Uganda to host global meeting on preventing mass atrocities

first_imgUgandan President Yoweri Kaguta Museveni delivers a speech during the launch of the National Dialogue committee in Juba, South Sudan May 22, 2017. Image courtesy: Reuters/Jok SolomunGovernment representatives, civil society organizations and experts from around the world will meet in Uganda on Wednesday to devise ways of preventing mass atrocities like genocide, war crimes, and crimes against humanity.Through a statement sent by the Ugandan government on Monday, over 200 delegates will convene for a three-day meeting under Global Action against Mass Atrocity Crimes (GAAMAC)“The states and civil society organizations representatives will work together to make prevention a reality at the local, national, regional and international level,” the statement said.Participants will exchange good practice and lessons learned from on-going experiences of prevention like early warning systems, prevention of hate speech, role of politicians.One key feature of the meeting will be the presentation of the Africa Working Group Manual on “Best Practices on the Establishment and Management of National Mechanisms for Genocide and Mass Atrocities Prevention,” the statement said.last_img read more

Trevor Bauer or Corey Kluber? Who Will the Indians Deal and What Will They Get in Return?

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. Related TopicsCorey KluberIndiansTrevor Bauer The 2018 MLB Winter Meetings is set to kickoff in Vegas starting on Monday, and all eyes for the Indians will be on which one of their right-handed pitchers, Corey Kluber or Trevor Bauer.People have been speculating as to why the team would want to deal Bauer, who was a breakout star in 2018, but let’s make one thing clear, this is not something they actually WANT to do. If Bauer is dealt, it would be out of necessity for a team that wants to dump some payroll (Bauer through arbitration this offseason will make about $11-12 million) and also wants to get some young talent onto a roster that the last two postseasons have been one and done.As for Kluber, he’s going to be 33 in April of 2019, and he’s due to make $17.5 million in 2019, and the Tribe holds options on him for $18 million in 2020 and $18.5 million in 2021.His history of injuries, as well as the last two postseasons of not being able to get the job done are two very large reasons the team might be willing to part with a pitcher that has won two Cy Young awards, and was in the final three this season for a third. While people want to slam the Indians for even thinking about trading Bauer, they have to remember that not only is he going to be in for a raise that will pay him about 11-12 mil this season, but if he’s as good as he was in 2018, he could wind up making close to $20 million in 2020, a number that will hamstring the Indians. So the big question that Indians fans want to know is – what kind of loot would the Indians get back in return for a player the caliber of Kluber or Bauer?The rumor mill has (as you would expect) some high profile teams with plenty of talent in the mix for the two stud Indians pitchers, including the two New York teams, the Mets and Yankees.The Dodgers is another team that is in the mix for Kluber, with a return that reportedly would include the likes of OF Yasiel Puig, starting pitcher Alex Wood and right-handed prospect Yadier Alvarez.One would think that no matter who is dealt, the objectives in the return would be simple, get 1-2 young prospects, and get 1-2 Major League players that could help this team, this year.The Indians still need to find at least two arms for the bullpen, they need a right fielder, and they could use some young players that could help this team for the foreseeable future.Expect to hear an awful lot this week in Las Vegas, as the Indians look to make a move that could define not only the offseason but just how the 2019 season will go. center_img Matt Loedelast_img read more

Woman wants to live at the Hampton Inn

first_imgAn Ohio woman told police that she “wanted to live at the Caryville Hampton Inn for a while.”  When Campbell County Sheriff’s Sergeant Matthew Wasson first met up with 34-year old Cristan Niklas, he details in his report that she “was loud and had slurred speech.”Several empty beer cans in Niklas’s room confirmed to Wasson that she’d been drinking.  She told him that she just wanted to live there (the Hampton Inn) for a while.  Wasson told her that she could not live at the hotel.While the sergeant was trying to contact a friend or family member to come pick her up, Niklas went outside the Hampton Inn, sat down in a chair, and began drinking another beer.  Wasson took her beer away telling her that she could not drink a beer in public.  As he went back to trying to find someone to help Niklas, she disappeared again.  This time he found her lying on a bench in the HI parking lot drinking another beer.Wasson ended up arresting the Fairfield, Ohio, woman and charging her with public intoxication.  (WLAF NEWS PUBLISHED – 07/09/2018-6AM)Share this:FacebookTwitterlast_img read more