Posted on: June 26th, 2013
PCB Litigation has succeeded in an appeal to the Supreme Court in an important case for service of English proceedings on a foreign nationals. No longer should such cases be considered as the exercise of an exorbitant jurisdiction and the Courts should be more willing to assist Claimants encountering practical difficulties in service.
Judgment has been handed down by the Court of Appeal of the Cayman Islands in VTB v Universal Telecom, in which the Court held that it does have jurisdiction to grant a freezing order in aid of foreign proceedings even where the defendant to the cause of action is not present in Cayman. PCB Litigation instructed Clive Freedman QC and Cayman Islands lawyer Nigel Meeson QC of Conyers Dill & Pearman on behalf of VTB in successfully arguing this issue before the Court of Appeal.
On 6 June 2013, Anthony Riem was a presenter at the LexisNexis Conference in Moscow on Best Practice: Corporate and Commercial Fraud. Anthony presented on asset recovery outside Russia.
PCB Litigation have been retained on a multimillion dollar procurement fraud case in the resources sector involving parties in the Middle East, Africa and Eastern Europe.
PCB Litigation have been retained to act in the enforcement of multi million dollar judgment debt against assets located in numerous jurisdictions.
PCB Litigation have been retained to advise on a shareholders action seeking to recover monies misappropriated by the Company’s Directors.