In countries where undemocratic principles extend to the business sector, there are laws that allow for the forced buyout of shares from minority shareholders. In Russia, such a law was also lobbied by oligarchic structures. In practice, minority shareholders can be deprived of their shares, and when calculating their compensation, the "acquirers" have significant opportunities for manipulation of the share price.

Case:
Currently, the ARGA association is defending minority shareholders of Lebedinsky GOK who were harmed by the forced buyout of their shares by the holding company "Metalloinvest," owned by Alisher Usmanov and Andrei Skoc. ARGA is also assisting in the defense of Belgorod miner leader Andrei Burkin, who was detained in pre-trial detention on a trumped-up charge. The United Nations Working Group on Business and Human Rights has received our association's appeal in defense of Russian miners. We are also actively bringing this situation into the media spotlight.
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Denationalization, more commonly known as the nationalization of large enterprises, has become a harsh reality. After 15-20 years, enterprises that have undergone changes in ownership, numerous stages of reinvestment, and modernization are effectively seized by the state. Seeking justice through national judicial systems, understandably, is often futile.

Case:
he ARGA association has been approached by former owners of 60% of the shares in a large nationalized enterprise (name and identities are confidential under NDA). The association has assisted in developing a legal strategy and preparing claims for damages to be filed with various international bodies. Although European jurisdictions are no longer recognized in Russia, there remains the possibility of recovering damages through blocked assets.

The state often enjoys greater leniency from the court, wielding administrative power and being part of the same system as the judiciary—despite the separation of powers. In undemocratic states, the judiciary is inherently dependent. However, even with the limitations of European jurisdiction, there are mechanisms available to seek justice at the international level.

Case:
A case was brought to the association by the heir of 3% of the shares in one of the largest metallurgical enterprises, which has been transferred to state control. This effectively deprived him of a significant inheritance. Lawyers from our partner law firm have prepared a comprehensive document package with evidence and justification for the compensation requested from the state. In this case, the source of compensation will be the state’s frozen assets.