Tatneft Waited Too Late On $294M Oil Fraud Suit, Judge Rules

Law360, London (February 24, 2021, 5:41 PM GMT) -- A London judge on Wednesday rejected a $294.3 million fraud case brought by Tatneft, finding that the Russian oil giant waited too long to lodge its claim against four Ukrainian businessmen.

High Court Judge Clare Moulder concluded that PJSC Tatneft had missed a three-year cutoff under Russian law to file its 2016 High Court lawsuit. She sided with the defendants' argument that Tatneft knew about an alleged oil siphoning scheme in 2009 when it detailed its claim at arbitration proceedings in Ukraine.

The men maintained the oil company should have brought a lawsuit over the claims it inherited from Kompaniya Suvar-Kazan...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!