Monday, August 8, 2016

London court in absentia arrest Carlo Pazolini owner for 18 months – RBC

Photo: Lori

The High court in London on the suit at Alfa Bank sentenced shoe network owner Carlo Pazolini Ilya Reznik to 18 months in prison for “contempt of court»

The High court in London held to oblige the founder and co-owner network Ilya Reznik to disclose all their assets worth more than $ 10 thousand. and conclude the defendant to prison Pentonville for a period of 18 months for “contempt of court”, as well as to compensate for the costs the plaintiff in the amount of $ 80 thousand., follows from solutions the court (a copy is in the RBC).

The fact that NPLs Carlo Pazolini vouched Reznik in person, but in the trial did not participate, and information about their assets was not disclosed. It now is involved in numerous court proceedings in Russia. “The decision of the High Court acts on the territory of the United Kingdom. – Says partner of law firm Herbert Smith Freehills Alexei Panich. – Britain may require the extradition Reznik, but if he is in the country of which is in issue will be denied. ”

Shoe network Carlo Pazolini – one of the most ambitious projects of Russian retailers abroad. She is actively opened their stores in the US and Europe, and in 2013 managed to open 50 retail outlets abroad. In order to finance its international expansion, Ilya Reznik scored a total of about $ 80 million of foreign currency loans at Alfa Bank, Sberbank, UniCredit Bank , etc. But the foreign network has not turned a profit, and the Russian -. Faced sales fall. In 2014, the American chain closed at all, but in Europe there are only 10 stores. According to the portal « Molla .ru», for 2015 the company’s sales declined from 8.4 to 7.3 billion rubles, while the share of the market -. 1.2 to 0.9%.

In May, Alfa-Bank appealed to the Moscow Arbitration Court with a claim for recognition Carlo Pazolini bankrupt, and in early August, held a hearing in the High Court in London for the arrest of Reznik.

«The Bank considers the court decision fair and reasonable. Unfortunately, all attempts to resolve the conflict out of court so far have failed. The bank was forced to take a number of steps in the courts of the Russian and foreign jurisdictions to protect their interests, “- says the decision of the court Alpha Bank

In Carlo Pazolini decision of the English Court did not comment on the <.. / span>

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