Dividing participation interests in a LLC between former spouses
Representing a private client, who owned participation interests in a Russian company, in a court dispute. According to the opinion of the client’s opponents who filed a lawsuit, the Claimant together with the right to a share in numerous pieces of real estate should have received a participation interest in the Limited Liability Company which was created by the Client during the marriage and was the Client’s main business and source of income. As a result of the judicial decision, the Client (the defendant) saved the business, and the claimant received financial consideration.