Courts / Ireland / Report

Dispute between business partners who fell out after Russian's war in Ukraine to go to mediation

Summary

The High Court heard that Alexandr Vakiy and Max Bulgakov, former partners, directors and shareholders of Maxala Limited and EastDeli Limited, have fallen out over irreconcilable differences, partly due to the 2022 Russia‑Ukraine war. Vakiy, represented by Bernard Dunleavy SC and Naill Ó hUiginn BL, has brought proceedings under the 2014 Companies Act, alleging oppression as a shareholder by Bulgakov. Bulgakov, represented by Martin Hayden SC and Brian Walker BL, denies wrongdoing. Vakiy has applied for an injunction preventing Bulgakov from transferring money from the companies' bank accounts without 72‑hour notice and an invoice to substantiate such transfers. He also seeks access to the businesses' digital platforms and login credentials to participate in the Deposit Return Scheme. The court was told that the parties have agreed to give each other cross‑undertakings, including 72‑hour notice of payments and access to online facilities, and that the dispute will go to mediation.

Who, what, where, when and why

What: Report matter: Dispute between business partners who fell out after Russian's war in Ukraine to go to mediation. Procedural stage: hearing_or_decision

When:

• 2024-02-28 Publication

Places mentioned

Topics

Stage Hearing Or Decision

Read the original CNI report