Back to publication

The Lawyers’ Newspaper quoted Artur Zurabyan in an article about the Supreme Court’s position on the possibility of paying for legal services with borrowed funds

The Supreme Court issued a rationale for its Ruling No. 305-ES14-7285 in a case concerning the recovery of legal expenses from the Deposit Insurance Agency, a State Corporation, within the framework of the bankruptcy case of a bank.

Artur Zurabyan, the head of the Dispute Resolution and International Arbitration Practice at ART DE LEX, believes that the dispute is very interesting because it raises issues about the essence of a protected interest and its formal regulation, and in this fight, according to Mr. Zurabyan, the protection of interest was key.

Mr. Zurabyan stated that “on the one hand, there is a principle established in the Arbitration Procedure Code of the Russian Federation that everyone has the right to protect his or her interests in any way that the law does not prohibit and to recover reasonable legal costs, at the expense of the losing party. On the other hand, Clause 4 of the Information Letter of the Presidium of the Supreme Arbitration Court of the Russian Federation, No. 121, dated 5 December 2007, provides the right to reimbursement of court expenses, on the condition that the expenses are actually incurred and the amount of expense are documented.”

The full version of the article is available here.