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

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

Applications for additional security for costs post-judgment will be refused where interim payments on account have already been made and no reservation was made to seek further security; security for costs for detailed assessment proceedings is allowed as no prior security or interim payment was ordered for that stage.

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 / Post Judgment Application for Security for Costs
Outcome
Application granted in part, refused in part
Legal Topics
Security for Costs, Costs Assessment, Jurisdiction Challenge, Freezing Order, Detailed Assessment Proceedings
Civil Procedure Security for Costs Costs Assessment Jurisdiction Challenge Freezing Order Detailed Assessment Proceedings

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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 / 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 justified for the costs of the jurisdiction challenge, previous applications, other work, and assessment proceedings

Ratio Decidendi

Applications for additional security for costs post-judgment will be refused where interim payments on account have already been made and no reservation was made to seek further security; security for costs for detailed assessment proceedings is allowed as no prior security or interim payment was ordered for that stage.

Court Disposition

Application granted in part, refused in part

Orders

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