S&P secures refugee status in Russian corporate raiding case
A Russian businessman was granted refugee status on grounds of political persecution by the Italian Territorial Commission in a high-profile corporate raiding case.
Corporate raiding (reiderstvo) is a widely spread form of State-sponsored persecution in Russia which rests upon the use of illegal acts, including malicious prosecution, to deprive owners of their successful businesses.
S&P, with a team lead by partner Giulia Borgna with associate Cecilia De Marziis, represented the former CEO of a leading private company in Russia.
At the height of its success, the company (and its management) became the target of an aggressive raiding campaign by a State-owned bank based on a cascade of multiple tactics. These tactics flowed upward on the scale of harassment, from a baseless demand to immediately repay a loan to the gradual replacement of key management positions with individuals chosen by the raider, misuse of the banking system to initiate a fraudulent bankruptcy through deliberate mismanagement, fabrication of criminal charges of fraud and embezzlement, extradition requests and Red Notices.
In a landmark decision, the Territorial Commission found that, when he decided to fight back against the hostile takeover of his company, our client became the target of a sophisticated and aggressive campaign of persecution by State actors. As a result, the Commission granted our client refugee status on grounds of persecution based on political opinions pursuant to the 1951 Geneva Convention.
Our lawyers advise and represent high net worth clients in complex cases involving corporate raiding and political persecution, especially when they require bringing asylum alongside defending extradition requests.
For additional information or enquires, send an email to: studio@saccuccipartners.com
