Ziyavudin Magomedov & Ors v TPG Group Holdings (SBS), LP & Ors

Ziyavudin Magomedov & Ors v TPG Group Holdings (SBS), LP & Ors

Interim costs payments are to be assessed based on actual costs incurred, adjusted for the role and significance of each party, with percentage reductions applied according to the basis of costs awarded. Prior estimates serve only as a cross-check and are not determinative. Claimants are granted 21 days from judgment to make payments, given their knowledge of impending liability and lack of transparency regarding funding.

Parties
Claimant: Ziyavudin Magomedov; Claimant: SGS Universal Investment Holdings Limited; Claimant: Intimere Holdings Limited; Claimant: Hellicorp Investments Ltd; Claimant: Sian Participation Corp. (in Liquidation); Claimant: Maple Ridge Limited; Claimant: Wiredfly Investments Limited; Claimant: Smartilicious Consulting Limited; Claimant: Enviartia Consulting Limited; Claimant: Port-Petrovsk Limited; Defendant: TPG Group Holdings (SBS), LP; Defendant: TPG Partners VI, LP; Defendant: TPG FOF VI SPV, LP; Defendant: TPG Partners VI-AIV, LP; Defendant: TPG VI Management, LLC; Defendant: TPG Advisors VI, Inc; Defendant: TPG Advisors VI-AIV, Inc; Defendant: Domidias Limited; Defendant: Halimeda International Limited; Defendant: Leyla Mammad Zade; Defendant: Mikhail Rabinovich; Defendant: Ermenossa Investments Limited; Defendant: Konstantin Kuzovkov; Defendant: Felix LP; Defendant: Andrey Severilov; Defendant: Katina Papanikolaou; Defendant: State Atomic Energy Corporation ROSATOM; Defendant: DP World Russia FZCO; Defendant: PJSC Far-Eastern Shipping Company; Defendant: PJSC Transneft; Defendant: Mark Garber; Defendant: Garber Hannam & Partners LLC
Jurisdiction
England and Wales
Judgment Date
14 February 2025
Procedural Posture
Commercial Court Proceedings / Post Summary Judgment, Consequential Costs Orders
Outcome
Interim costs orders granted in favour of successful Defendants; Claimants ordered to pay specified sums within 21 days.
Legal Topics
Interim Costs Orders, Summary Judgment, Jurisdiction Challenge, Security for Costs
Civil Procedure Costs Interim Costs Orders Summary Judgment Jurisdiction Challenge Security for Costs

Case Brief

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Parties

Ziyavudin Magomedov

Claimant

SGS Universal Investment Holdings Limited

Claimant

Intimere Holdings Limited

Claimant

Hellicorp Investments Ltd

Claimant

Sian Participation Corp. (in Liquidation)

Claimant

Maple Ridge Limited

Claimant

Wiredfly Investments Limited

Claimant

Smartilicious Consulting Limited

Claimant

Enviartia Consulting Limited

Claimant

Port-Petrovsk Limited

Claimant

TPG Group Holdings (SBS), LP

Defendant

TPG Partners VI, LP

Defendant

TPG FOF VI SPV, LP

Defendant

TPG Partners VI-AIV, LP

Defendant

TPG VI Management, LLC

Defendant

TPG Advisors VI, Inc

Defendant

TPG Advisors VI-AIV, Inc

Defendant

Domidias Limited

Defendant

Halimeda International Limited

Defendant

Leyla Mammad Zade

Defendant

Mikhail Rabinovich

Defendant

Ermenossa Investments Limited

Defendant

Konstantin Kuzovkov

Defendant

Felix LP

Defendant

Andrey Severilov

Defendant

Katina Papanikolaou

Defendant

State Atomic Energy Corporation ROSATOM

Defendant

DP World Russia FZCO

Defendant

PJSC Far-Eastern Shipping Company

Defendant

PJSC Transneft

Defendant

Mark Garber

Defendant

Garber Hannam & Partners LLC

Defendant

Procedural Posture

Commercial Court Proceedings / Post Summary Judgment, Consequential Costs Orders

Legal Issues

  1. 1 Quantum of interim costs payments
  2. 2 Timing of interim payments
  3. 3 Relevance of prior costs estimates

Ratio Decidendi

Interim costs payments are to be assessed based on actual costs incurred, adjusted for the role and significance of each party, with percentage reductions applied according to the basis of costs awarded. Prior estimates serve only as a cross-check and are not determinative. Claimants are granted 21 days from judgment to make payments, given their knowledge of impending liability and lack of transparency regarding funding.

Court Disposition

Interim costs orders granted in favour of successful Defendants; Claimants ordered to pay specified sums within 21 days.

Orders

  • TPG Defendants awarded interim payment of £1,616,315.52
  • Domidias awarded interim payment of £508,454