Kostiantyn Likarchuk instructed as expert on Ukrainian law by a defendant in a multi-billion-dollar UK dispute
Kostiantyn Likarchuk, managing partner of Kinstellar’s Kyiv office and firm-wide head of Dispute Resolution, was recently instructed as an expert on Ukrainian law by a successful defendant in a multi-billion-dollar dispute in the English Commercial Court.
Valued at over USD 2 billion, the complex proceedings involved wide-ranging accusations of fraud made by Vitaliy Gaiduk and Sergei Taruta against Oleg Mkrtchan. After an eight-week trial, the judge dismissed all of the claims against Mr Mkrtchan, with the exception of a single claim regarding a transfer of shares, which the judgment itself recognised were likely worthless.
The court was pleased with the expert evidence on Ukrainian law that it heard during the proceedings, noting that the experts did their best to assist the court.
Kostiantyn Likarchuk was instructed by Covington & Burling (UK), which served as counsel for the defence.