Public Joint Stock Company Vseukrainskyi Aktsionernyi Bank v Maksimov & Ors [2014] EWHC 4370 (Comm) (19 December 2014)

The Bank's pursuit of contempt proceedings resulted only in a technical contempt finding, with no real prejudice or concealed assets. The vast majority of allegations were rejected. The Bank's conduct was disproportionate, warranting an order that it pay 80% of Mr Maksimov's costs since January 2014.

Citation: [2014] EWHC 4370 (Comm)
Parties: Claimant: Public Joint Stock Company Vseukrainskyi Aktsionernyi Bank; First Defendant: Sergey Maksimov
Jurisdiction: England and Wales
Judgment Date: 19 December 2014
Procedural Posture: Contempt Proceedings / Post Judgment Costs Order
Outcome: Bank ordered to pay 80% of Mr Maksimov's costs since January 2014.
Legal Topics: Costs, Freezing Orders, Asset Disclosure, Committal Applications, Proportionality

Civil Procedure Contempt of Court Costs Freezing Orders Asset Disclosure Committal Applications Proportionality

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Parties

Public Joint Stock Company Vseukrainskyi Aktsionernyi Bank

Claimant

Sergey Maksimov

First Defendant

Procedural Posture

Contempt Proceedings / Post Judgment Costs Order

Legal Issues

1 Appropriate costs order following contempt proceedings
2 Proportionality of committal applications
3 Technical versus serious contempt

Ratio Decidendi

Court Disposition

Bank ordered to pay 80% of Mr Maksimov's costs since January 2014.

Orders

Bank to pay £411,999.38 as 80% of Mr Maksimov's costs since January 2014.
Interim payment order: Bank to pay £175,000 to Mr Maksimov.