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Commercial Court judge sentences arbitration respondent to 18 months' imprisonment for contempt (Alfa-Bank v Reznik)

Commercial Court judge sentences arbitration respondent to 18 months' imprisonment for contempt (Alfa-Bank v Reznik)
Published on: 26 August 2016
Published by: LexisPSL
  • Commercial Court judge sentences arbitration respondent to 18 months' imprisonment for contempt (Alfa-Bank v Reznik)
  • Practical implications
  • Additional comment
  • What was the background to the committal hearing?
  • What did the court decide?
  • Court details

Article summary

Arbitration analysis: In a judgment rendered on 3 August 2016, Mr Justice Popplewell granted an application for the committal of the defendant and sentenced him to 18 months’ imprisonment for contempt of court. The judge held that Mr Ilya Arkhajavic Reznik’s failure to comply with his asset disclosure obligations in a worldwide freezing order (WFO) was deliberate and wilful and that his contempts must be punished. Mr Reznik, a Russian businessman, is the respondent in a London Court of International Arbitration (LCIA) arbitration. The claimant, Alfa-Bank, had obtained a WFO from the Commercial Court in support of its arbitration under section 44 of the Arbitration Act 1996 (AA 1996). or take a trial to read the full analysis.

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