Successfully Leading a High-Stakes Cross-Border Deal Amid Sanctions: A Milestone Achievement

Achieving Excellence in Complex Cross-Border Transactions.

Over the past two years, REDBRIDGE faced an extraordinary challenge representing a group of shareholders from Zurich, Switzerland, who had invested in a multi-million dollar manufacturing enterprise in Russia up until 2022. The sanctions imposed on Russia brought about significant legal hurdles, complicating the protection of our clients’ interests due to complex domestic and international legal requirements.

In a situation where conventional strategies were not enough, our team had to think outside the box to navigate the intricate legal landscape. Through innovative solutions and relentless dedication, we successfully safeguarded our clients’ assets and secured their rights. We are proud to announce that the deal has been completed with full regulatory approval, allowing our clients to exit their shareholder positions and receive the full value of their shares.

This outcome highlights our ability to overcome significant legal challenges with creative and strategic thinking, reinforcing our commitment to excellence and client success.

Congratulations to Gevorg Tumanov, the Partner who led this case, and to the entire team of lawyers for their outstanding work and dedication.

MAC Affiliate Conference in Yerevan

Redbridge is honored to have served as the legal advisor for the recent MAC Affiliate Conference in Yerevan.

We are thrilled to have supported Europe’s biggest affiliate conference, which took place on May 30-31, 2024, in the vibrant city of Yerevan. This event brought together over 2500 attendees from 50+ countries, including industry leaders, marketers, and innovators, to discuss the latest trends and developments in affiliate marketing.

Our team at Redbridge provided comprehensive legal guidance to ensure the success and smooth operation of this landmark event. We are grateful to the organizers for their trust and to all the participants for their active engagement and insightful contributions. Witnessing the dynamic exchange of ideas and the collaborative spirit of the conference was truly inspiring.

We look forward to continuing our partnership with the MAC Affiliate Conference and supporting future initiatives that drive progress and innovation.

Gevorg Tumanov appointed to the AMCA’s roster of arbitrators.

We are delighted to announce that our Managing Partner Gevorg Tumanov has been appointed by the Arbitration and Mediation Center of Armenia (AMCA) to serve as arbitrator in disputes administered by the AMCA.

He is included in the AMCA’s “International arbitration cases” list of arbitrators.

The new rankings are live on IFLR1000.com

The IFLR1000 annual market research for Europe is now complete and the new rankings are live.

We are pleased to inform you, following the in depth research process, peer review, and client feedback, Redbridge has been newly ranked for: Financial and corporate.

Jurisdiction: Armenia
Practice area: Financial and corporate
Redbridge rating: Notable
Lawyers rating (Gevorg Tumanov): Notable practitioner

The ICSID ad hoc Committee’s Decision on Annulment dated 21 July 2023

In ICSID Annulment Proceeding (Edmond Khudyan v. Republic of Armenia) the Members of the ad hoc Committee unanimously decided as follows:

a.    The ground for annulment under Article 52(1)(b) of the ICSID Convention has been made out;
b.    The Committee concludes that the Tribunal manifestly exceeded its powers and upholds Mr. Khudyan’s application for annulment of parts of the Award under Article 52(1)(b) of the ICSID Convention;
c.    Paragraphs mentioned insofar as it concern the Applicant and of the Award are hereby annulled;
d.    The funds held in escrow in accordance with the Committee’s decision on the Applicant’s Stay Request, together with all interest incurred thereon, are to be paid to Mr. Khudyan; and
e.    The Republic of Armenia shall pay to the Applicant the sums determined by the ad hoc Committee’s Decision on Annulment.

Members of the ad hoc Committee:

Sir Christopher Greenwood, GBE, CMG, KC, President

Ms Tina Cicchetti, Member

Dr Ucheora Onwuamaegbu, Member

Representing Mr. Edmond Khudyan:

Hughes Hubbard & Reed LLP
Washington, D.C. 🇺🇸

Redbridge LLC
Yerevan 🇦🇲

1 2 3 14