St. Petersburg International Legal Forum

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• St. Petersburg International Legal Forum
• Ivanyan Partners Business Breakfast
• Recovery of Assets Abroad Case Study
• 29 May 2015
• Stephen Baker
• English Barrister Jersey Advocate

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Dalemont v Senatorov and Others

• Judgment debt in Moscow
• Assets hidden behind Jersey Foundation
• BVI companies
• Cypriot companies
• Russian and other Eastern European companies

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AGS holds via nominee shareholder
Founder 1 RIGGELS ENTERPRISES LTD (BVI)
Founder 2 SETRA VENTURES LTD (BVI)
Each appoints 1 Council Member
JTC Qualified Member
Council of Members
Guardian PINTOR CONSULTING LTD (BVI)
AGS holds via nominee shareholder
HELIOS INVESTMENTS FOUNDATION (JERSEY)
BENEFICIARY AGS 100
JINTALEX HOLDINGS LTD (CYPRUS)
BVI
Kastial Trading Ltd
Gortillo Investments Ltd
Starfile Management Ltd
Etions Consulting Ltd
Eurowest Financial Bulgaria (Bulgaria) Office
premises complex in Bulgaria
Directly owns parking space in Moscow
RUSSIA
Company which directly owns real estate
Real estate agency and property management
companies
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Personal jurisdiction over Senatorov

• Jersey Foundation (Helios) within jurisdiction
• Senatorov therefore a necessary or proper party
• Jersey injunction obtained over Foundation and
  shares in companies it owned
• Broad disclosure orders to police the injunction
• Injunctions in Cyprus, BVI and Russia

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Dalemont v Senatorov and Others

• Contempt of court proceedings
• Non disclosure of documents
• Orders for cross examination of Senatorov
• Also directors of offshore companies

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Dalemont v Senatorov and Others

• Threat of imprisonment and being prohibited from
  defending claim
• Russian travel ban
• Pierce the veil of the Foundation
• Judgment for Dalemont

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Paulo Maluf
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The Fraud
Brazil
New York
Chanani
Durant International Corp.
BVI
Venus/ Lespan/ Otalan/ Bigs/ Minister
Kildare Finance Limited
Jersey
Disconnect
The Oryx Fund
Latin America Infrastructure Fund
Mercosurian Challenge Fund
Latinvest Fund
Brazilian Value Fund
Foundland Investments Fund
Doleiros Dollar Account
Eucatex
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Federal Republic of Brazil v Durant International
Corporation and Kildare Limited

• Sue the BVI companies which held assets in Jersey
• Co ordination of criminal and civil recovery
• Criminal investigations in USA leading to
  criminal charge
• Also in Brazil and Jersey resulting in
  information sharing

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Federal Republic of Brazil v Durant International
Corporation and Kildare Limited

• Civil proceedings in Jersey
• Trial
• Maluf fails to give evidence
• Judgment for Brazil

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Stephen Baker English Barrister Jersey
Advocate Jersey Representative of FraudNet Tel
44 (0) 1534 766254 Fax [phone]
737355 Email email_at_bakerandpartners.com www.bake
randpartners.com