Global arbitration review

Can Grigory Guselnikov, who "inherited" at Vyatka Bank, be involved in the leak of finances from Tomskinvest, and is he not going to hastily leave his homeland in the near future? According to the correspondent of The Moscow Post , in relation to Tomskinvest, proceedings have been introduced in the case of recovery in favor of Exiora Law Firm LLC almost 7 million euros.

This was reported on the website kad.

Icsid pending cases

As follows from the case file and established by the court, on April 30, , a loan agreement was concluded between the offshore from the British Virgin Islands Vandenburg Limited LLC Tomskinvest, on the basis of which the lender provided the borrower with cash in the amount of 7. The execution of the loan agreement was ensured by the guarantee of companies belonging to the same group: Baltiks, Kalanchevskaya 13, Kapitel, Lesstroy, Monolith and Proproekt.

The guarantee period was set until December 31, The court found that at the time the contract expired, the borrower paid off the debt only partially. Now the unpaid amount of debt is a little more than 5 million euros, not including interest and a penalty. The case also includes the Latvian ASPNSBanka, which, after a court decision to recover the amount from Tomskinvest, filed a complaint in which it stated that the judges were unlawful and demanded a review of the case.

Icsid cases

However, the claim was dismissed because the applicant was not a party to the legal relations disputed in the present case. Where does such zeal to defend Tomskinvest come from? As it turned out, the Latvian bank was previously owned by Russian businessman Grigory Guselnikov. He is the main shareholder of Norvik Banka the former Vyatka Bank, in the Kirov region he works under the old name with representative offices in Latvia and the UK.

When too many questions arose about the Latvian unit, the banker managed to sell his stake on time to a number of US shareholders, led by businessman Roger Tamaraz, who is credited with treating Boris Yeltsin's so-called "family," allegedly even financed his election campaign. In , amid the sudden resignation of Latvian Prime Minister Laimdota Strauyuma, Guselnikov became a defendant in an international scandal.

Shortly before the resignation, a rumor passed, allegedly Ms.