Dmitry Gerasimenko & Ors v VTB Capital Plc (in administration) & Ors

Dmitry Gerasimenko & Ors v VTB Capital Plc (in administration) & Ors

No arguable case has been put forward against VTBC; the new allegations based on the Explanations Document are factually thin, do not establish deliberate wrongdoing or liability under Russian law, and do not justify English jurisdiction over the other defendants. Summary judgment is granted for VTBC.

Parties
Claimant: Dmitry Gerasimenko; Claimant: RedOctober Ltd; Claimant: Segoa Ventures Limited; Claimant: Boonvision Limited; Defendant: VTB Capital PLC (in administration); Defendant: OWH SE (Previously known as VTB Bank (Europe) SE); Defendant: JSC Research and Production Corporation Uralvagonzavod; Defendant: Dmitry Alexandrovich Pumpyanskiy; Defendant: Pavel Vladimirovich Krotov; Defendant: PJSC TMK; Defendant: JSC Red October Corporation; Defendant: Hefestos SPS SA (Previously known as TMK Global SA); Defendant: RO Steel SA; Defendant: JSC VTB Bank
Jurisdiction
England and Wales
Judgment Date
06 March 2025
Procedural Posture
Commercial Claim / Summary Judgment
Outcome
summary judgment granted for VTBC
Legal Topics
Summary Judgment, Anchor Defendant Jurisdiction, Russian Tort Law, Expropriation, Vicarious Liability
Commercial Law Civil Procedure Conflict of Laws Summary Judgment Anchor Defendant Jurisdiction Russian Tort Law Expropriation Vicarious Liability

Case Brief

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Parties

Dmitry Gerasimenko

Claimant

RedOctober Ltd

Claimant

Segoa Ventures Limited

Claimant

Boonvision Limited

Claimant

VTB Capital PLC (in administration)

Defendant

OWH SE (Previously known as VTB Bank (Europe) SE)

Defendant

JSC Research and Production Corporation Uralvagonzavod

Defendant

Dmitry Alexandrovich Pumpyanskiy

Defendant

Pavel Vladimirovich Krotov

Defendant

PJSC TMK

Defendant

JSC Red October Corporation

Defendant

Hefestos SPS SA (Previously known as TMK Global SA)

Defendant

RO Steel SA

Defendant

JSC VTB Bank

Defendant

Procedural Posture

Commercial Claim / Summary Judgment

Legal Issues

  1. 1 Whether there is an arguable case against VTB Capital PLC to justify English jurisdiction over all defendants
  2. 2 Whether the Explanations Document provides a factual basis for liability under Russian law
  3. 3 Whether VTBC is vicariously or directly liable for statements made by its legal representatives

Ratio Decidendi

No arguable case has been put forward against VTBC; the new allegations based on the Explanations Document are factually thin, do not establish deliberate wrongdoing or liability under Russian law, and do not justify English jurisdiction over the other defendants. Summary judgment is granted for VTBC.

Court Disposition

summary judgment granted for VTBC

Orders

  • Summary judgment for VTBC; claim against VTBC dismissed.
  • No order made regarding other defendants; consequential matters to be dealt with by written submissions unless oral hearing requested.