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Asset Tracing

Friday, 17 May
17:00 - 18:30

Amphitheatre, General Staff Building (6-8, Dvortsovaya sq.)

Estate managers and administrators often need to trace and recover debtors’ assets abroad. This task has presented many difficulties for bankruptcy practitioners in Russia, and major creditors often compete with the estate and each other in foreign jurisdictions. This is obviously unfair to the other creditors of the estate, and may also negatively impact the overall recoveries.

The panel will address, among others, the following issues:

1. The major obstacles preventing the estate managers from recovering abroad on behalf of the estate.

2. Opportunities for estate managers abroad.

3. Competition from major creditors. Accountability to the estate.

Moderator

Vasily Torkanovskiy

Partner, Ivanyan & Partners, Russian Federation

Speakers

Evgeniy Akimov

Head of enforcement and bankruptcy division, Department of distressed assets, SBERBANK, Russian Federation

Yuliya Medvedeva

Head of Expert and Analytics Department, Deposit Insurance Agency, Russian Federation

Kirill Nogotkov

Director, Russian Union of Self-Regulated Organizations of Arbitration Managers

Steven Philippsohn

Senior Partner, PCB Litigation LLP, United Kingdom

Biography

Steven is a leading authority on international litigation. Over the past 25 years his firm has been retained by governmental, national and international organisations. Steven currently acts for state enterprises, prominent financial institutions and other organisations in numerous jurisdictions.

Legal 500 has singled out Steven as being a leading individual in civil fraud and as being ‘a lateral thinker extraordinaire’ and ‘can see brilliant points outside the box` “aggressive for clients’ claims”, “unparalleled”, “doyen” and a “great strategist and fighter”. He has been described as “always seeking to push the boundaries of what you can achieve to maximise a client’s position - he thinks outside the box” and as “a wise and excellent strategist” who “has a breadth and depth of experience, extensive knowledge of the market, a willingness to take things on” and for being “very good at engaging with foreign clients”. Chambers have described him as a “brilliant thinker”; according to market sources, who also commend him as having “very good instincts” and being “result orientated” and as a “visionary in terms of his command of tactics” as well as being a highly intelligent individual who has always stepped up in tricky matters”. Chambers Global 2019 comments “Steven is enormously experienced, can take a broad view and is very good at engaging with foreign clients”.

In the most recent edition of Who’s Who Legal: Litigation he is applauded for combining “dynamic thinking with two decades of experience at the forefront of international thinking”.

Chambers Europe 2018 ranked him as one of the Elite Litigation Lawyers.

The Legal 500 and Chambers have identified PCB as earning “an outstanding reputation for investigating and advising on business fraud, asset recovery and commercial disputes, where stakes are high and an innovative approach is required”. The firm is described as “an absolute go-to for complex, high value multi-jurisdictional commercial fraud claims” and offering “unrivalled boutique expertise in the field of fraud”, being “leading firm”, “as experienced as you're going to get” and “adept at handling fraud and asset recovery work and implementing multi-jurisdictional asset recovery strategies”. The firm is also recognised as “a solid niche player for commercial litigation” and for acting both for and against banks in “substantial litigation”.

Steven is the UK representative of Fraudnet, a global network of fraud litigation practitioners who are in the top tier of the civil fraud section of a recent edition of the Chambers Global Law Directory. Steven is listed by The Times, London, as one of the 100 key influential legal professionals in the United Kingdom.

Christopher Redmond

Founder, Redmond Law Firm LLC, USA

Biography

Doctor of Law. He have been practicing law since 1970 and was admitted to plead the cases before the US Supreme Court, the courts of the eighth and tenth circuits of the United States, the state courts of Kansas (1970) and Missouri (1996). The insolvency trustee in US courts since 1978. Member of the FraudNet ICC network representing the United States (2006), member of the US delegation to UNCITRAL (UN Commission on International Trade Law) (2004-present), appointed by the United States Department of State to the Advisory Committee on Private International Law (ACPIL) for the purpose of consulting the State Department on an issues of international insolvency (2004-present). Member of the American College of Bankruptcy (2005-present), International Insolvency Institute (2007-present). Expert on insolvency issues in World Bank and International Monetary Fund projects (2000 - present), Chairman of the International Coordinating Committee of the Business Law Section of the American Bar Association (2008-2011), Chairman of the International Committee on Bankruptcy issues of the Business Law Section of the American Bar Association (1990-2005), delegate of the American Bar Association in UNCITRAL (1998-2004). For over 25 years maintains rating "A" of Martindale Hubbell catalog. Member of the US delegation to the UNODC (United Nations Office to Combat Drug Addiction and Crime) (2002-2006). The author of the chapter on an international insolvency procedure in a book published by the ICA FraudNet, entitled Book on Asset Tracing, the author of the chapter on the role of the insolvency trustee (Chapter 7, "Liquidation procedure") of Handbook on Insolvency Proceedings, published by the Kansas Bar Association.


* The Programme may be subject to change