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Senior Associate
Timur Abushakhmanov

Timur Abushakhmanov is a senior associate with our Dispute Resolution practice.


Timur has acted in arbitrations under the rules of the London Court of International Arbitration, the Arbitration Institute of the Stockholm Chamber of Commerce, the International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation as well as under the ICSID (Additional Facility) Rules. Timur has extensive experience in coordinating multi-jurisdictional litigation proceedings. Timur has also represented clients before the Russian commercial courts, including the now defunct Supreme Arbitration.



Background


Whilst working for more than seven years for a leading Russian law firm, Timur acquired profound knowledge of international commercial and investment arbitration and cross-border litigation.  Holding a specialised master’s degree in dispute resolution, he has a deep understanding of the peculiarities of international commercial and investment arbitration.


Expertise


Primary Practice Focus
: Dispute Resolution


Industry Sectors: Fintech & Financial Institutions, Retail & Real Estate, Industry & Transportation


Languages: English, Russian

Landmark engagement experience

INTERNATIONAL ARBITRATION

  • Representing Client in an international arbitration against a sovereign state under the ICSID AF Rules

  • Advising a major Russian company in a dispute against a foreign country in an investment arbitration under SCC Rules

  • Representing a Hong Kong company in a dispute with a European company under the LCIA Rules arising from a loan agreement related to a mining project

  • Advising a Russian businessman in a dispute arising out of a shareholders agreement in arbitration proceedings under the ICC Rules

  • Assisting in preparation of Russian law expert opinions for an LCIA arbitration between a major Middle Eastern investor in the Russian real estate market seeking to recover US$200 million in damages and its Russian joint-venture partner

  • Representing a major European agribusiness company in a dispute with a BVI subsidiary of a Russian agribusiness company under the Stockholm Chamber of Commerce Rules with regard to implementation of a share exchange agreement stipulating sweep of shares of Russian and Cypriot subsidiary companies worth over €10 million

CROSS-BORDER AND DOMESTIC LITIGATION

  • Advising a Russian state-owned company in a dispute against its former employee with parallel proceedings underway in Guernsey, the British Virgin Islands and in Luxembourg, the overall amount in dispute being around €50 million

  • Advising a Luxembourg-incorporated company on litigation proceedings for the recovery of US$45 million against the directors and management company of a Cypriot investment fund, in which it holds investor shares, before the District Court of Nicosia, Cyprus, as well as representing the company in a parallel criminal investigation in Russia

  • Representing an Irish state-owned bank in a US$4 billion complex multi-jurisdictional litigation dispute over landmark assets in Russia, in particular, defending the client before the Supreme Arbitration Court of Russia; this involved numerous proceedings before the Russian commercial courts on claims:


    - To set aside arbitral awards seated in Moscow
    - To restore the shareholders’ rights of Swedish and Cypriot shareholders over the Russian companies, with the Cypriot and Swedish law applied by the Russian courts
    - To be admitted to the lists of creditors on the basis of guarantee and indemnity agreements governed by Irish law and mortgage agreements governed by Russian law

  • Representing major pharmaceutical and car-dealing companies in disputes against the State Labour Inspection for the City of Moscow, which imposed significant fines on them

  • Representing a major pharmaceutical company before FAS in connection with competitor’s complain regarding unfair advertising by our client


PRO BONO


  • Representing the International Chamber of Commerce before the Russian Ministry of Justice in the process of obtaining of the license of the permanent arbitral institution in Russia


Education


  • LL.M. (Comparative and International Dispute Resolution), Queen Mary University of London, 2019. Chevening Scholarship for 2018–2019 from the UK Foreign and Commonwealth Office

  • LL.B. (with distinction), Bashkir State University, 2010


Qualification


  • Solicitor of the Senior Courts of England and Wales, 2021

  • Advocate, 2015

  • Russia, 2010


Recognitions & Awards

  • The Legal 500 "Arbitration Powerlist: CIS and Caucasus" - recommended among the leading arbitration experts of the region in 2020

International Experience
Publications and public speaking
October 12, 2021
Language English
Legal alert "The "Black Swan Dance": The Future of the BVI Injunctions in the Aid of Foreign Proceedings Has Been Finally Determined" by Rybalkin, Gortsunyan and Partners
Yan Kalish | Timur Abushakhmanov
February 2, 2021
Language English
“The Law and Policy of New Eurasian Regionalization: Economic Integration, Trade, and Investment in the Post-Soviet and Greater Eurasian Space” published by Brill. Chapter 29 “Maintenance of the Historic Title of Russia to the Straits of the Northern Sea Route in the Twenty-First Century”. Read.  
Timur Abushakhmanov
August 25, 2020
Language Русский
Timur Abushakhmanov participated in the first section of the Sixth Russian Arbitration Day conference with a presentation on Extinctive prescription in investor-State dispute SettlementWatch
Timur Abushakhmanov
July 16, 2020
Language Русский
Practical aspects of construction arbitration. Online seminar by ICC Russia supported by RGP, moderator: Dmitry Dyakin
Dmitry Dyakin | Dmitry Kaysin | Vladimir Pestrikov | Timur Abushakhmanov | Vsevolod Taraskin
April 1, 2020
Language English
Extinctive Prescription in Investor-State Dispute Settlement Article by Timur Abushakhmanov in A. V. Asoskov, R. M. Khodykin, А. N. Zhiltsov ed., New Horizons of International Arbitration. Issue 6 : Collection of Articles (Moscow: Russian Institute of Modern Arbitration, 2020), pp. 316-343
Timur Abushakhmanov
Timur Abushakhmanov
Senior Associate
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