Category Archives: M & S Updates

Thomas Sullivan is to speak at ABA’s IX Annual Conference on the Resolution of CIS-Related Business Disputes

December 8, 2017

ABA’s Ninth Annual Conference on the Resolution of CIS-Related Business Disputes is held at the Marriott Novy Arbat in Moscow. The conference will be attended by representatives of more than one hundred law firms from Europe, Asia and America.

Thomas Sullivan gives presentation on the topic: Foreign litigants taking discovery in the United States for use in their home proceedings pursuant to 28 USC 1782. Conference is dedicated to navigating business disputes between Russian and US-EU companies, on the resolving shareholder disputes impact of under the new Russian arbitration law, cross-border business disputes, enforcement of foreign arbitral awards and judgments, strategic considerations for counsel and clients in an era of heightened tension

Event info

Bruce Marks gave an interview to BBC

July 27, 2017

Bruce Marks gave an interview to BBC on the passed a bill that gives Congress the power to block any effort by the White House to weaken sanctions on Russia, offering a direct challenge to President Donald Trump’s authority.

BBC Article

In Re Foreign Economic Industrial Bank Limited, “Vneshprombank” Ltd. United States Bankruptcy Court for the Southern District of New York Case No. 16-13534

Marks&Sokolov successfully obtained an order granting recognition of the Russian “Vneshprombank” Ltd. insolvency proceeding under Chapter 15 in the U.S. Bankruptcy Court for the Southern District of New York.

Marks&Sokolov represents Russian bank “Vneshprombank” Ltd. that was declared bankrupt in spring 2016. The bank is now undergoing bankruptcy procedure under Russian bankruptcy laws.

On behalf of its client Marks&Sokolov filed a petition to the U.S. Bankruptcy Court for the Southern District of New York seeking to recognize Russian insolvency proceeding as the main foreign proceeding under Chapter 15 of the U.S. Bankruptcy Code.

Marks&Sokolov also asked the court to provide other relief in aid of the proceeding within the territory of the U.S.

The petition was granted by the court, as a result Russian bankruptcy proceeding was recognized as the “main foreign proceeding” and the bank received protection under the U.S. laws and a chance to use other relief provided by the U.S. Bankruptcy Code.