CL-2022-000456 - [2025] EWHC 1938 (Comm)

Some time in late 2022 or early 2023, the EuroChem group trading and logistics operations were re-located from Switzerland to the UAE, through the establishment of two Dubai-based subsidiaries: EuroChem Trading Middle East DMCC and Corrigo Fertilizers FZ-LLC. A number of (non-EU national) senior managers relocated to Dubai at the same time, as did a branch of AIM Capital. Once again, this broadly reflected the “Future of EuroChem” memorandum.

Furthermore, at some point (it is not clear when), Mr and Mrs Melnichenko moved to Dubai, as did the Melnichenko Foundation (which I understand to be their private charitable foundation). Mr Noble said that Mr Melnichenko’s personal office is in the same complex as the Dubai offices of AIM Capital and EuroChem.