We have a reputation for expertise across a broad range of areas of international commercial law and handle cases across the full spectrum of the business and financial world with exceptional legal thinking, market understanding and service tailored specifically to our clients needs.
Our work is widely recognised. We carry real heavyweight influence in the international legal arena with some groundbreaking cases that are instrumental in defining and establishing points of law in an ever changing world.
14 Mar 2016
The firm acts for the Defendants in a claim brought before the High Court (Chancery Division) by a Russian oligarch for circa US$150 million alleging misrepresentation, deceit and breach of fiduciary duty arising out of the sale of a majority interest in a Russian property and real estate business.
Following the landmark decision in its favour from the UK Supreme Court, our client Bank Mellat, Iran’s largest private bank, has recently achieved a second stunning victory in the European Court of Justice, upholding the judgment of the General Court of the European Union that sanctions had been unlawfully imposed on it by the EU in 2010. Bank Mellat has been fighting a legal battle for several years against its inclusion on the EU and UK sanctions lists over alleged links to Tehran’s nuclear missile programme. Zaiwalla & Co continue to act for the bank in a US $ 4 billion damages claim against the UK government in a trial listed in October 2016.
In a judgment in the Commercial Court, Mr Justice Flaux found for our client Bank Mellat on three preliminary issues relating to Section 6(1) of the Human Rights Act 1998, the application to certain of the Bank’s claim of the principle of reflective loss, and Article 1 of Protocol 1 to the ECHR.
In one of the largest worldwide freezing injunction cases in the Commercial Court in 2013, the firm acted for the London-listed claimant Kazakhstan Kagazy Plc in a US $ 150 million claim against two former shareholders. In a judgment in 2014, the Court of Appeal unanimously rejected Mr Arip’s appeal seeking to dismiss the £72 million worldwide freezing injunction imposed on him and another shareholder, Baglan Zhunus. The case also involved issues of limitation, reflective loss, and the duty of full and frank disclosure on without notice applications for worldwide freezing injunctions.
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Public International Law and Sanctions
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