Hogan Lovells has achieved success for Otkritie, a Russian financial services provider that the firm advised throughout a dispute regarding multi-million-dollar fraud against it.
Otkritie was defrauded by a group of former employees and their associates.
According to the firm, the High Court judgment paves the way for the recovery of millions in already frozen assets and awards significant damages to Otkritie.
The case, which lasted 46 days in the Commercial Court, spanned more than 20 jurisdictions and drew on Hogan Lovells’ network of global offices, including Moscow, London, Paris, Hong Kong, Madrid and Amsterdam.
The team advising Otkritie was led by corporate relationship partner Oxana Balayan in Moscow and litigation partners Neil Mirchandani and Crispin Rapinet in London, supported by of-counsel Neil Dooley.
The multinational team at Hogan Lovells further included more than 100 lawyers and associates across the firm. The firm instructed Steven Berry QC, as leading counsel, with Nathan Pillow and Anton Dudnikov all of Essex Court Chambers.