Yegiazaryan v Vitaly Ivonovich Smagin - 2016 EWCA Civ 1290 - 19 December 2016
This is an appeal by Mr Ashot Yegiazaryan against the order of Teare J dated 9 July 2015 dismissing his challenge under section 67 of the Arbitration Act 1996 ("the 1996 Act") to an award by the London Court of International Arbitration ("the LCIA") dated 11 November 2014. The arbitration was commenced by the respondent, Mr Vitaly Smagin, on 26 October 2010. In the arbitration the second respondent was Mr Yegiazaryan and the first respondent was Kalken Holdings Ltd ("Kalken"), a company registered in Cyprus wholly controlled by him. There was a jurisdiction challenge by both respondents but only that by Mr Yegiazaryan is relevant in these proceedings. The tribunal found that it had jurisdiction over Mr Yegiazaryan and ordered him and Kalken to pay US $ 72,243,000 to Mr Smagin.