Protection of assets of co-owners of an industrial holding during a family dispute

Family-corporate disputes

Amount of assets to be divided

64M $

Region

Moscow, Cyprus

Duration of Case

1 year

Year of Completion

2023

Structure

Before

After

The essence of the conflict:

As a result of a conflict with the ex-wife, the latter made a number of unreasonable demands to our client, including the transfer of USD 10 million and the transfer of a number of assets.

The corporate dispute was complicated by the fact that the ex-wife prevented the dissolution of the marriage, delayed the process in every possible way (for example, by citing a non-existent pregnancy) and refused to participate in negotiations.

The Law Office Actions

The Law Office represented the interests of the client in disputes over the dissolution of marriage and division of property.

Thanks to well-coordinated work, it was possible to stop unreasonable prolongation of the process and to achieve the dissolution of the marriage. In particular, the following actions were taken:

Conducted very difficult negotiations with the opponent for a peaceful resolution of the dispute (complicated by provocations from the opponent, e.g., publications in various media)

Organized the valuation of all available assets (in Russia and Cyprus)

Developed a position to retain significant business assets for the trustee

Prepared settlement agreements under Russian and Cypriot law for the division of property

We organized the signing and approval of the agreements in Cyprus and in the Russian Federation. This made it possible to include absolutely all assets and times in the perimeter of the agreements and exclude claims from the former spouse in all jurisdictions

Result

The full-scale work of the office allowed to achieve the acceleration of the procedure of dissolution of marriage, as well as the conclusion of an amicable agreement on the division of marital property on favorable terms for the principal.

The trustee retained all significant business assets, shares and stakes in Russian and foreign companies, and paid compensation that was many times lower than the original claims.