Content Join OGEMID
 
  • Linkedin
  • Twitter
  • Rss

Transnational Dispute Management

Skip navigation

Transnational Dispute Management

The network for international arbitration, mediation and ADR, international investment law and Transnational Dispute Management

Join OGEMID

Transnational Dispute Management

The network for international arbitration, mediation and ADR, international investment law and Transnational Dispute Management

  • Sign in
  • Subscribe
  • Home
  • Sign in
  • About About
    1. Home
    2. About
    3. About TDM
    4. About TDM
    5. Founding Editor T.W. Wälde
    6. T.W. Wälde
    7. Editorial team
    8. Editorial team
    9. Contributing Authors
    10. Contributing Authors
    11. Subscriptions
    12. Subscriptions
  • Journal Journal
    1. Home
    2. Journal
    3. Browse Issues
    4. Browse
    5. Articles by Category
    6. By Category
    7. Articles by Author
    8. By Author
    9. Advance publication
    10. Advance publication
    11. Specials
    12. Specials
    13. Search
    14. Search
    15. Book reviews
    16. Reviews
  • Legal & Regulatory docs. L & r docs
    1. Home
    2. Legal & Regulatory docs.
    3. L&R by Country
    4. L&R by Country
    5. L&R by Category
    6. L&R by Category
    7. L&R recent additions
    8. L&R recent additions
    9. Search
    10. Search
  • Audiovisual library AV library
    1. Home
    2. Audiovisual library
    3. Audiovisual Library
    4. Audiovisual Library
    5. TDM/OGEMID Interviews
    6. TDM/OGEMID Interviews
    7. Conference presentations
    8. Conference presentations
  • OGEMID OGEMID
    1. Home
    2. OGEMID
    3. About OGEMID
    4. About OGEMID
    5. Suggest a topic
    6. Suggest a topic
    7. Guest programme
    8. Guest programme
    9. Seminar programme
    10. Seminar programme
    11. Browse archive
    12. Browse archive
    13. Search
    14. Search
    15. Join
    16. Join
  • News & Events Events
    1. Home
    2. News & Events
    3. News
    4. News
    5. Events
    6. Events
  • Subscribe
Home > Legal & Regulatory docs.

Zordis Finance Ltd (BVI), BRHC Ltd (BVI), Kudace Finance Inc (BVI) v Vandella Systems Corporation (BVI), Unitile Ltd (Cy), Tresestrellas Ltd (Cy), District Court of Limassol Case No. 65/2014 - Interim judgment - Greek - 3 April 2014

  • Sign in to download document
Country
  • Cyprus
  • Russian Federation
  • Virgin Islands (British)
Year

2014

Summary

Summary

The allegedly fraudulent alienation of corporate assets of the Group Unitile that is active in Russia. Under the arbitration clauses of the apposite contracts two arbitration proceedings were initiated on February 22, 2014.

The first was Zordis Finance Ltd (BVI) v. Vandella Systems Corporation Ltd (BVI) before an ICC tribunal.

The second was Zordis Finance Ltd (BVI), BRHC Ltd (BVI), Kudace Finance Inc (BVI) v Vandella Systems Corporation (BVI) before a SCC tribunal.

In support of these arbitration proceedings two litigation proceedings were initiated in Cyprus before the District Court of Limassol; Zordis Finance Ltd (BVI) v Vandella Systems Corporation (BVI), Unitile Ltd (Cy), Tresestrellas Ltd (Cy), District Court of Limassol Case No. 64/2014 and Zordis Finance Ltd (BVI), BRHC Ltd (BVI), Kudace Finance Inc (BVI) v Vandella Systems Corporation (BVI), Unitile Ltd (Cy), Tresestrellas Ltd (Cy), District Court of Limassol Case No. 65/2014, respectively. The Court permitted for an additional affidavit (interim judgments of March 21, 2014) and issued a prohibition order as well as a freezing order, despite the fact that not all respondents were parties to said arbitration proceedings. It also appointed an interim receiver and / or manager with the power to take measures, access books, perform voting rights aiming to protect and preserve, and investigate the affairs of the respondents and their direct and indirect subsidiaries (interim judgments of April 3, 2014).

Zordis Finance Ltd (BVI) v Vandella Systems Corporation (BVI), Unitile Ltd (Cy), Tresestrellas Ltd (Cy), District Court of Limassol Case No. 64/2014 (related to ICC arbitration case)

  • Interim judgment of March 21, 2014
  • Interim judgment of April 3, 2014

Zordis Finance Ltd (BVI), BRHC Ltd (BVI), Kudace Finance Inc (BVI) v Vandella Systems Corporation (BVI), Unitile Ltd (Cy), Tresestrellas Ltd (Cy), District Court of Limassol Case No. 65/2014 (related to SCC arbitration case)

  • Interim judgment of March 21, 2014
  • Interim judgment of April 3, 2014

To download this document you need to be a subscriber

Sign in

Forgot password?

Sign in

Subscribe

Fill in the registration form and answer a few simple questions to receive a quote.

Subscribe now

Documents missing? Documents to share? Let us know!

If you know of documents which are currently missing from our Legal & Regulatory database do let us know. You can send them directly to us for inclusion in the database, anonymously or otherwise.
Learn more here

Call for contributions

TDM Call for Papers: Sanctions and International Arbitration: Impact on Substantive and Procedural Issues

Ali Burney, Rinat Gareev, Kiran Nasir Gore, Dini Sejko, Prof. Joel Slawotsky, May Tai

  • Ali Burney
  • Rinat Gareev
  • Kiran Gore
  • Dr Dini Sejko
  • Prof. Joel Slawotsky
  • May Tai

TDM Call for Papers: National Courts as a Forum for the Resolution of Disputes under Article 26 Energy Charter Treaty

John P. Gaffney, Dr. iur Richard Happ,
Lucia Raimanova, Anna-Maria Tamminen, Dr. Catharine Titi

  • John P. Gaffney
  • Dr. iur Ricard Happ
  • Lucia Raimanova
  • Anna-Maria Tamminen
  • Dr. Catharine Titi

TDM Call for Papers: International Investment Arbitration - Environmental Protection and Climate Change Issues

Professor Dr A F M Maniruzzaman, Wendy J. Miles QC, Carla Lewis, Dr Stephen Minas

  • Professor Dr A F M Maniruzzaman
  • Wendy J. Miles QC
  • Carla Lewis
  • Dr Stephen Minas

TDM Call for Papers: The African Continental Free Trade Agreement (AfCFTA)

J. Chaisse, J. Górski, E. Laryea, M.M. Mbengue, and K. Olaoye

  • Prof. Julien Chaisse
  • Dr. Jedrzej Gorski
  • Prof. Emmanuel Laryea
  • Prof. Makane Moïse Mbengue
  • Kehinde Olaoye
  • More
  • Contribute

Advance publication

Have ICSID Tribunals Fallen in Error in Interpreting Most Favored Nation Clauses

17 May 2023

N.E. Piracha

  • N.E. Piracha

The Law Commission’s Second Consultation Paper on the English Arbitration Act 1996: Are the Reforms “Fit for Purpose”?

12 May 2023

L. Reimschussel

  • L. Reimschussel

The Legitimacy of the MPIA's Decisions in the WTO Dispute Settlement System

3 May 2023

T. Ferreira Almeida

  • T. Ferreira Almeida
  • More
  • Contribute

Stay connected

Sign up for our email alerts.

  • Issues
  • Advance publication
  • News
  • Linkedin
  • Twitter
  • RSS

Join the debate

Want to join OGEMID, the leading on-line discussion platform for international dispute resolution?

Simply fill in the registration form to start your trial membership.

Download the app

  1. App store
  2. Google play

The Transnational Dispute Management Journal (TDM, ISSN 1875-4120) and OGEMID listserv focus on recent developments in the area of (investment) arbitration and dispute management, regulation, treaties, judicial and arbitral cases, voluntary guidelines, tax and contracting. Read our Terms & Conditions here, and our Privacy Policy here.

About TDM

  • Terms & Conditions
  • Contribute
  • Subscriptions
  • Contact
  • Help

Other publications

  • Oil, Gas & Energy Law Intelligence (OGEL)

© 2004 - 2023. Published by MARIS.

  • Home
  • Contribute
  • Subscriptions
  • Contact
  • Help