VTB Commodities v Belfore Real Estate Ltd - Eastern Caribbean Supreme Court British Virgin Islands - Claim No BVIHC COM 2019-0157 - Judgement - 25 May 2021
Country
Year
2021
Summary
VTB Commodities Trading Designated Activity Company v Belfore Real Estate Ltd; Kerley Capital SA; Dmitry Petrovich Mazurov; Dmitry Illarionov; Nikolaos Pozidis; Commodity Service LLC; Aryat Mullakhmetov; Green Oil Holding Inc.; Argenta Development SA.
By application made on 21st December 2020 the Claimant ("VTB") seeks an order that receivers be appointed in aid of the enforcement by way of equitable execution of an award dated 29th April 2020 made by an arbitral tribunal appointed under the rules of the London Court of International Arbitration against the third defendant ("Mr. Mazurov"). This application came before me on 17th May 2021. For the purpose of enforcement, VTB seeks the appointment of the existing receivers over all the assets, wherever situated, of Mr. Mazurov, including the issued share capital of the first defendant ("Belfore"), the second defendant ("Kerley"), the eighth defendant ("Green Oil") and the ninth defendant ("Argenta"). These four companies are all incorporated in this Territory.
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