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Simmons & Simmons

Most innovative law firms in Dispute Resolution 2012

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InnovationEnforcement for Nomihold
DescriptionIn a four-year enforcement litigation, the firm was granted an award now worth in excess of $210 million against Mobile TeleSystems Finance SA ("MTSF"), a wholly-owned Luxembourg subsidiary of a Russian parent company. The firm obtained an order that they be added as a party to an arbitration in England between MTSF (who they had judgment against) and its parent. This was an unprecedented remedy and MTSF has been ordered to direct payments from its parent to England, thus establishing jurisdiction in England for the enforcement measure, an order never before made by the court here.