JSC Mezhdunarodniy Promyshlenniy Bank and State Corporation “Deposit Insurance Agency” v Sergei Pugachev and Ors - Reasons for Ruling
Application for an adjournment of Plaintiffs and Joint Receivers summons to approve sale of distressed yacht application made by non-party in relation to writ filed in separate action, claiming ownership of shares in company that owns yacht - purported transactions in breach of English WFO obtained by Plaintiffs against Defendant - Freezing Orders granted by Grand Court. Role of Joint receivers - Court's discretion and case management powers - Court's power to prevent misuse of proceedings - Application for adjournment having effect of securing interim injunctive relief in favour of non party without the usual undertakings as to damages or fortification.
| Cause Number | FSD 0045/2016 (IMJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Mangatal J |
| Parties | JSC Mezhdunarodniy Promyshlenniy Bank and State Corporation “Deposit Insurance Agency” v Sergei Pugachev and Ors - Reasons for Ruling |
| Judgment Date | 2017-08-30 |
| Subject | Application for an adjournment of Plaintiffs and Joint Receivers summons to approve sale of distressed yacht application made by non-party in relation to writ filed in separate action, claiming ownership of shares in company that owns yacht - purported transactions in breach of English WFO obtained by Plaintiffs against Defendant - Freezing Orders granted by Grand Court. Role of Joint receivers - Court's discretion and case management powers - Court's power to prevent misuse of proceedings - Application for adjournment having effect of securing interim injunctive relief in favour of non party without the usual undertakings as to damages or fortification. |
| Filename (current) | 17-08-30-Mezhdunarodniy-Promyshlenniy-Bank-and-Ors-v-Seigei-Pugachev-et-al.pdf |
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