Highlights

The Bryansk Regional Arbitrazh Court issued an award in favor of MEGAPOLIS Trading Company CJSC, confirming the approach worked out in court practice of the inadmissibility of recovering losses in the absence of general grounds of tortious liability.

The litigation (Case No. VAS-7764/13) resulted in the Supreme Arbitrazh (Commercial) Court of the Russian Federation taking a stand to allow new opportunities in Russian enforcement practice by allowing taxpayers to themselves choose the remedy to reinstate their injured rights under the circumstances, i.e. to apply to a tax authority for a refund or to reclaim the tax surplus by suing the tax agent as the debtor having defaulted under the respective civil-law obligation.

Jus Aureum has represented the key participant in Delovye Linii, the major Russian transport and logistics operator, to settle a corporate conflict

DIXY estimates that the deal, worth RUB 25.6 billion, inclusive of financial debt, immediately available funds, and their equivalents, should help boost its sales by more than 50%.

One of the largest pieces of business transacted on the M&A in 2009, the deal was worth around USD 800 million.