Avonwick Holdings Ltd v Azitio Holdings Ltd and others  EWHC 1844 (Comm)
Harris Bor and a team led by David Wolfson QC from One Essex Court successfully defended Oleg Mkrtchan and related parties in a circa. US$2 billion dispute with his two former business partners, Vitaly Gaiduk and Sergei Taruta, concerning the division of a global portfolio of assets, mainly associated with the Ukrainian metals conglomerate, Industrial Union of Donbass.
The claims and crossclaims involved allegations of breach of contract, breach of trust, fraudulent misrepresentation, conspiracy and unjust enrichment under English and/or Ukrainian law. Issues in the case covered contract formation, the conflict of laws, the accrual of causes of action under an agreed remedies clause, and orders for specific performance.
Following an eight-week trial, Mr Justice Picken dismissed all of the claims against Mr Mkrtchan apart from one likely to be worthless.