PRESS BARRED FROM £400 MILLION OLIGARCH FISHING COMPANY CASE

The Law Society Gazette reported on 24 August that a High Court ruled that the dispute between Alexander Tugushev and Vitaly Orlov – which surrounds ownership of a £1.2 billion fishing company – should be heard privately due to confidentiality issues.  The court was due to hear arguments that Orlov had violated the terms of a freezing order but first considered an application by Orlov to have the case heard behind closed doors. The case involves Norebo Group – one of the world’s largest international fishing enterprises.  Orlov took control of Norebo in 2016 but Tugushev claims his one-third stake in the company is not being recognised.

https://www.lawgazette.co.uk/law/press-barred-from-400m-oligarch-fishing-case-/5067318.article

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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