A corporate conflict had been ongoing for a long time between a Forbes-rated client and its former business partner. Both parties brought claims against each other before the courts in the Russian Federation and in other countries connected with the place of business. The claims were of a bankruptcy, corporate and civil nature. Despite their diverse nature, they all aimed to obtain or retain control over assets owned by joint ventures.
As a result, KIAP successfully represented the client in negotiations with its business partner resulting in the conclusion of an amicable settlement. We also supported the parties in implementing their obligations under such settlement with preparation of the necessary documents regarding the agreed transfer of the disputed assets.
With the help of KIAP, the client was able to end a protracted conflict that had incurred significant transaction costs, introduced uncertainty into the conduct of business and prevented the full enjoyment of valuable assets.