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

Fans of Botev (Pd) protest against the owner Georgi Samuilov

first_imgMore and more fans of Botev (Plovdiv) are losing patience for what is happening in the club and point to the owner Georgi Samuilov as the main culprit, writes. The businessman, in turn, in an attempt to calm the passions, announced days ago that he could leave the management of the club.However, this clearly does not help. According to the supporters of the oldest professional football club in our country, the dissatisfaction has reached its limit. If the team loses its last match of the season, which will be held today, it will say goodbye to its chances for the Europa League, and hence to the income from the participation in the European tournament.Levski stole two of Botev’s greatest talents (Plovdiv)Gigov and Ganin are a 2007 set However, the mood among the fans is minor, as they do not have high expectations for a victory over Varna.The agitator says that the Botev players are preparing to protest after the match until the management resigns and takes responsibility for the condition of the club. They accuse Samuilov personally of the quarrels in the club and the unprofessional management and irresponsibility, but mostly of disrespect and disrespect for the opinion of the factions.Fans have threatened that this time the head of the club will be forced to comply with their demands because, according to them, they did not intend to allow him to lie to them again, as he has been hanging for the College for several years, the media added.last_img read more

Zipcar fleet flits onto Aurora’s Anschutz Campus

first_img Zipcar has brought their services to Aurora by adding six cars to the Anschutz medical Campus on Monday Sept. 19, 2016.Photo by Gabriel Christus/Aurora Sentinel Zipcar, who has brought their services to Aurora by adding six cars to the Anschutz medical Campus, gives an individual name to each of their cars on Monday Sept. 19, 2016.Photo by Gabriel Christus/Aurora Sentinel Zipcar has brought their services to Aurora by adding six cars to the Anschutz medical Campus on Monday Sept. 19, 2016.Photo by Gabriel Christus/Aurora Sentinel AURORA | Getting onto and off of the Anschutz Medical Campus is getting a little easier for students or patients who don’t have wheels of their own.Zipcar this month announced that its car-sharing service was coming to the campus in north Aurora with a fleet of cars. The company, which allows members to rent a car for drives of up to 180 miles, started serving the campus on Labor Day. Nicole Dalmy, general manager for Zipcar, said the company has more than 100 cars around the metro area and has been looking to expand into Aurora for a while now. center_img Zipcar has brought their services to Aurora by adding six cars to the Anschutz medical Campus on Monday Sept. 19, 2016.Photo by Gabriel Christus/Aurora Sentinel “We’ve been trying to figure out how to get into Aurora because its such a big city,” she said. The booming campus at East Colfax Avenue and Interstate 225 was the ideal spot for that expansion. For one, the company has already heard from members there itching for Zipcar to come, she said. Plus, the company has long used college campuses as one of its main hubs for its cars. While Zipcar regularly works with colleges and universities, Dalmy said the Anschutz campus’ hospitals are also a good fit, especially for patients who fly into Denver for treatment at the campus. “Sometimes sick people don’t want to ride on a train,” she said. But Dalmy said there was more to it than just the hospitals and schools. With RTD’s Aurora light rail line set to open with stops near the campus next year, Dalmy said the services will be a good fit for commuters who want to use public transit, but might need a car for part of their workday. The big barrier lots of people have to using public transit or some other way to get to work is that they could need their car at some point during the day. Dalmy said car-sharing services give commuters the confidence to use public transit knowing that if something comes up and they need to drive themselves somewhere, they have that option.Zipcar isn’t the only car-share option on the campus. Car2go has been at Anschutz since last year with a fleet of cars parked in the same lot at East 16th Avenue and Victor Street where Zipcar has some of their vehicles.Michael Pletsch, car2go Denver General Manager, said his company launched at Anschutz in August 2015. The two company’s have different business models — car2go uses uniform Smart cars while Zipcar has a varied fleet. Zipcar has roundtrip options that require a car to be returned to Anschutz, as well as an option to drive the car to another Zipcar “pod.” Car2go meanwhile allows drivers to leave the car wherever they need. Pletsch said car2go doesn’t have a set number of cars at the campus. Instead, as members use the 330 cars they have around the metro area, some of them are steadily rotating through the campus. “Our members just hop in the car2go closest to them and drive to or from campus as needed,” he said in an email. “Our unique model provides the flexibility and freedom of car ownership without the costs and responsibilities.”So far the program has been a hit at Anschutz, he said. “It has been very popular and continues to grow,” he said. “… We are very excited to be on campus and provide a convenient and affordable transportation option to faculty and students alike.”last_img read more

Lynch set for Rovers return as Bit O’ Red head to Bohs

first_imgSligo Rovers New PlayersLee Lynch could mark his return to Sligo Rovers with an appearance in tonight’s Premier Division game against Bohemians.The former Limerick midfielder has received international clearance following his move from FC Arizona, and will be part of the squad for tonight’s game in Dalymount Park.Mikey Drennan could be in line for his second start for the club after making his debut in last week’s defeat to Bray, while Kris Twardek could also be in line to start having come off the bench at the Carlisle Grounds.Rovers boss Gerard Lyttle says it was a tough match for those players to come into…Audio Player Up/Down Arrow keys to increase or decrease volume.Kick-off tonight is at 7.45pm.last_img read more