Leonid Lebedev commenced proceedings in New York against oligarchs Viktor Vekselberg and Leonard Blavatnik.
Leonid Lebedev was claiming more than $2 billion in respect of his interest in the TNK-BP joint venture, acquired by the Russian oil company Rosneft in 2013 in a deal reportedly worth $55 billion. Messrs Vekselberg and Blavatnik, together with Rochester Resources Ltd, applied in the Commercial Court in London to restrain Mr Lebedev from pursuing that action in New York on the basis that Mr Lebedev was bound by an arbitration agreement. On 9 September 2014, Jonathan Hirst QC (sitting as a Deputy High Court Judge) dismissed the application. During the course of a two day hearing, Enyo Law assisted Mr Lebedev in successfully resisting the Claimants' extensive arguments including in relation to the law of agency.