Seán Quinn vs IBRC

It seems there are few better ways to demonstrate your credentials in the field of dispute resolution than to describe your role in the lengthy and contentious recent legal battles between businessman Seán Quinn and the Irish Bank Resolution Corporation in relation to ownership of certain assets in Russia.

So it is no surprise that Lidings, a Moscow-based law firm that specialises in advising international clients operating in Russia, has framed case studies of its work on the Quinn case to highlight its capabilities in dispute resolution.

Starting in 2011, Lidings represented the interests of the special-purpose treasury company Demesne Investments Ltd in Russia, used by the IBRC as a vehicle for the implementation of Seán Quinn’s Russian projects.

“The three years of working on this transnational bankruptcy project resulted in the formulation and application of practices that currently represent precedent-setting principles – not only in terms of insolvency cases, but also with respect to corporate disputes and matters involving the official recognition and enforcement of foreign court decisions,” the firm states .

“Lidings lawyers worked in close co-operation with attorneys in Dublin, Belfast, London, Road Town (British Virgin Islands) and Panama on obtaining expert opinions and witness statements for the Russian courts, going on to pursue information disclosure and take part in the deposition of key witnesses within the framework of foreign legal proceedings.

“Just within the scope of bankruptcy proceedings in Moscow, Nizhny Novgorod, Vladimir, Kazan, Samara, Ekaterinburg, Ufa, Chelyabinsk, Perm, Krasnodar and Rostov-on-Don, Lidings lawyers have managed in three short years to handle more than 600 lawsuits, resulting in the wresting of control over the respective bankruptcy proceedings and the return of the concerned assets to the client’s [IBRC’s] corporate control.”

Now we know.