Ziyavudin Magomedov & Ors v TPG Group Holdings (SBS), LP & Ors
Claimants failed to demonstrate a real risk of dissipation of assets by solid evidence against any respondent defendant; absence of evidence of asset movement despite notice of claims, respectable defences available, and balance of prejudice do not justify granting freezing or notification injunctions.
- Parties
- Claimant: Ziyavudin Magomedov; Claimant: SGS Universal Investment Holdings Limited; Claimant: Intimere Holdings Limited; Claimant: Hellicorp Investments Limited; 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
- 11 October 2024
- Procedural Posture
- Commercial / Interlocutory Application for Injunctions
- Outcome
- application refused
- Legal Topics
- Freezing Injunctions, Notification Injunctions, Unlawful Means Conspiracy, Risk of Dissipation, Cross Border Asset Protection
Case Brief
Summary, issues, holding and outcome
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Parties
Ziyavudin Magomedov
Claimant
SGS Universal Investment Holdings Limited
Claimant
Intimere Holdings Limited
Claimant
Hellicorp Investments Limited
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 / Interlocutory Application for Injunctions
Legal Issues
- 1 Whether claimants have a good arguable case for conspiracy against defendants
- 2 Whether there is a real risk of dissipation of assets justifying freezing or notification injunctions
- 3 Whether it is just and convenient to grant the injunctions sought
Ratio Decidendi
Claimants failed to demonstrate a real risk of dissipation of assets by solid evidence against any respondent defendant; absence of evidence of asset movement despite notice of claims, respectable defences available, and balance of prejudice do not justify granting freezing or notification injunctions.
Court Disposition
application refused
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