JSC BTA Bank v Ablyazov & 16 Ors
It is just and appropriate to order a trial of the competing claims as to beneficial ownership of the Dregon Land shares, and the court has jurisdiction to do so; the applicants' request to amend the Receivership and Freezing Orders is dismissed.
- Parties
- Claimant: JSC BTA Bank; Defendants: Ablyazov & 16 others; Applicant: Lapointec Ventures Limited; Applicant: Limia Holdings Limited; Applicant: Dregon Land Limited
- Jurisdiction
- England and Wales
- Judgment Date
- 02 July 2013
- Procedural Posture
- Commercial / Interlocutory Application
- Outcome
- application dismissed
- Legal Topics
- Freezing Orders, Receivership, Beneficial Ownership, Asset Tracing, Chabra Orders
Case Brief
Summary, issues, holding and outcome
More case intelligence is available
Unlock the full research layer for this judgment.
Parties
JSC BTA Bank
Claimant
Ablyazov & 16 others
Defendants
Lapointec Ventures Limited
Applicant
Limia Holdings Limited
Applicant
Dregon Land Limited
Applicant
Procedural Posture
Commercial / Interlocutory Application
Legal Issues
- 1 Whether the Receivership and Freezing Orders should be amended to exclude Dregon Land shares
- 2 Whether Lapointec and Limia are the beneficial owners of Dregon Land shares
- 3 Whether the court has jurisdiction to make a Chabra order against the applicants
Ratio Decidendi
It is just and appropriate to order a trial of the competing claims as to beneficial ownership of the Dregon Land shares, and the court has jurisdiction to do so; the applicants' request to amend the Receivership and Freezing Orders is dismissed.
Court Disposition
application dismissed
Orders
- Trial ordered to determine beneficial ownership of Dregon Land shares
- Receivership and Freezing Orders remain in force over Dregon Land shares
Full Case Text
Judgment text and source record
Sign in to read
Sign in to read the full judgment text
Sign in to read the full judgment text. Downloads and additional research tools may depend on your plan.
Sign in to read the full judgment