Magomedov & Ors v TPG Group Holdings (SBS), LP & Ors [2026] EWHC 1051 (Comm) (06 May 2026)

Magomedov & Ors v TPG Group Holdings (SBS), LP & Ors [2026] EWHC 1051 (Comm) (06 May 2026)

Where a successful defendant has already sought and received an interim payment on account of costs without reserving the right to seek further security, the court will not grant additional security for costs post-judgment for the same costs. However, security for costs of detailed assessment proceedings may be...

Source-derived case information.

Citation
[2026] EWHC 1051 (Comm)
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 and Partners Holding Limited
Jurisdiction
England and Wales
Judgment Date
06 May 2026
Procedural Posture
Commercial Court Proceedings / Post Judgment Application for Security for Costs
Outcome
Application granted in part, refused in part
Legal Topics
Security for Costs, Costs Assessment, Post Judgment Procedure
Civil Procedure Commercial Law Security for Costs Costs Assessment Post Judgment Procedure

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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 and Partners Holding Limited

Defendant

Procedural Posture

Commercial Court Proceedings / Post Judgment Application for Security for Costs

Legal Issues

  1. 1 Whether security for costs can be ordered post-judgment and after interim payments on account have been made
  2. 2 Whether additional security for costs is appropriate where interim payments have already been ordered and paid
  3. 3 Whether security for costs should be granted for costs of assessment proceedings

Ratio Decidendi

Where a successful defendant has already sought and received an interim payment on account of costs without reserving the right to seek further security, the court will not grant additional security for costs post-judgment for the same costs. However, security for costs of detailed assessment proceedings may be granted if no previous security or interim payment has been ordered and the application is made promptly.

Court Disposition

Application granted in part, refused in part

Orders

  • Application for additional security for costs in respect of the jurisdiction challenge, previous applications, and other work refused.
  • Application for security for costs of the assessment proceedings granted: £80,000 to Domidias Limited and £110,000 to Andrey Severilov.