Yaroslav Klimov

Partner
Norton Rose Fulbright (Central Europe) LLP

Moscow
Russian Federation
T:+7 499 924 5130
Moscow
Russian Federation
T:+7 499 924 5130
Yaroslav Klimov

Yaroslav Klimov

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Biography

Yaroslav Klimov is a litigation and disputes lawyer based in Moscow and is the head of our litigation and disputes practice in Russia and the CIS. He is highly regarded for dispute resolution, with significant experience in international arbitration, cross-border disputes and domestic litigation, and is often involved in high-profile disputes.

Yaroslav particularly focuses on international arbitration and has significant experience in construction and commercial disputes. He has represented clients' interests as counsel in more than 30 arbitration proceedings (for both claimants and defendants). In addition to his counsel work, he sits as an arbitrator in both domestic and international arbitration matters. Yaroslav is listed as an arbitrator at various arbitral institutions: Hong Kong International Arbitration Centre (HKIAC), Singapore International Arbitration Centre (SIAC), London Court of International Arbitration (LCIA), Pacific International Arbitration Centre (PIAC), Arbitration Center at the Russian Union of Industrialists and Entrepreneurs (RSPP), Arbitration Association (RAA) and others. He is also a member of the ICC Commission on International Arbitration.

Yaroslav has 25 years' experience in international and domestic dispute resolution, involving multiple jurisdictions, such as the UK, Ireland, the Netherlands, Hungary, Cyprus, and many others. He is also an experienced advocate and represents clients before local Russian courts: courts of general jurisdiction and state commercial courts.

Yaroslav is regularly ranked as a leading lawyer by international and Russian legal directories, including Chambers and Partners, Legal 500, Best Lawyers, Who's Who Legal, ExpertGuides, Pravo-300. Yaroslav has also been included into the Legal 500 Arbitration Powerlist: CIS and Caucasus, Inaugural Lawdragon Global Litigation 500 list and the Roster of International Arbitrators. Clients highlight his experience and practical approach, remarking that he is "able to see and calculate various options for action, thus suggesting the best strategy for the client to resolve the dispute." (Chambers Global, 2021).

Yaroslav has been a member of the Moscow Bar Association since 1997. He joined us in 2011, having previously worked for a major international law firm for 15 years. A native Russian speaker, Yaroslav is fluent in English, German and French.


Professional experience

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Yaroslav is a graduate of the Moscow State Institute of International Relations (MGIMO) with honours and holds a Doctorate in Law from the Institute of State and Law of the Russian Academy of Sciences.

  • Advocate, qualified in Russia

Advising / representing / acting for:

  • Russian iron ore company - in an ICC construction arbitration seated in Singapore. The dispute against a major Chinese contractor arose out of multiple violations of the EPC Contract (governed by Russian law) by the Chinese side in the course of EPC construction project in the Eastern part of Russia. The claim amount is more than US $70m.
  • A leading Russian project management company - in the ICC construction arbitration in Geneva against a Spanish general contractor; the cross-border dispute with value over US$75m was connected with the modernization of the oil refinery plant in Russian Far East; the arbitration award in this complex dispute was issued in favour of our client.
  • A leading European construction company - at the Supreme Court of Russia in enforcement procedure of an ICAC award against a leading Russian steelwork manufacturer; following filing of the cassation complaint with the Supreme Court, the respondent offered the settlement to our client; the case has now been settled and the cassation complaint was withdrawn from the Supreme Court.
  • A European leader in construction - as a claimant in the disputes versus Russian centre of new technologies and innovation for the recovery of unjust enrichment and damages; the case was heard by the Arbitrazh Court of Moscow.
  • The International finance corporation and successfully defending from being brought to subsidiary liability in the amount of US$55.7m in frame of bankruptcy proceedings of large Israeli chain of malls in DIY segment. The case had been heard in the Arbitrazh court of the city of Moscow.
  • A leading Russian bank - in a dispute against a major Italian energy trader and a holding company incorporated in the Bahamas. The dispute relates to recovery from the above companies of the amounts due to the bank guarantees issuance agreement and the deed of guarantee and indemnity to secure obligations under the guarantees issuance agreement. The amount of dispute exceeds €40m.
  • A Cyprus-based company which holds shares in a number of solar projects in Japan and other countries - in ICC arbitration and related court proceedings in the Netherlands and Cyprus; the dispute arising out of shareholders agreements exceeded €50m.
  • American multinational energy corporation - on various Russian law issues in frame of the corporate conflict in its Russian joint venture in the oil sector.
  • A major Japan-based energy company - in the consumers litigation proceedings regarding claiming damages for the alleged breach of consumers' rights.
  • A leading Russian producer - in a conspiracy claim in Cyprus in proceedings against its minority shareholders and other affiliated parties; the role in this high-profile case, widely discussed in mass media, was to defend the client from the attempts of hostile takeover.
  • The world's leading ammonia producer - in the LCIA arbitration against its longstanding Swiss partner for recovery of the sums underpaid under the agreement between the parties; the case revolves around the issue of interpretation of certain provisions of the underling agreement and the interplay between the English law rules on equitable set-off and Russian foreign currency exchange regulations; and in a litigation initiated by a minority shareholder claiming nearly a five per cent block of shares, with the case pending over two years before Russian and Irish courts was won in the highest court instance - the Supreme Commercial Court of the Russian Federation.
  • A major air transport company - in connection with the court proceedings initiated by a bankruptcy administrator of a Russian Limited liability Company Vim Airlines before the Arbitrazh (state commercial) Court of the Republic of Tatarstan (Russia).
  • A Russian leading aircraft manufacturer - in LCIA arbitration against Irish airline company with respect to the termination of the aircraft's lease agreement. The claim amount exceeds US$200m.
  • A leading medical equipment manufacturer - with respect to anti-trust investigation initiated by Investigative Committee of Russia in Samara region against company's top-managers and employees.
  • Dispute resolution: arbitration and mediation, Leading Individual, Russia (Legal 500 EMEA, 2020)
  • International and cross-border disputes, Band 4, Russia (Chambers Global, 2021)
  • He is "able to see and calculate various options for action, thus suggesting the best strategy for the client to resolve the dispute." (Chambers Global, 2021)
  • "He is a very experienced gentleman, I have a high opinion of him", "He's an excellent communicator and a calm and respectful person." (Chambers Global, 2020)
  • Included into the Legal 500 Arbitration Powerlist: CIS
  • Included into the Inaugural Lawdragon Global Litigation 500 list
  • Included into the Roster of International Arbitrators
  • Russian
  • English
  • German
  • French