Swiss Court Affirms VSMPO-AVISMA's Legal Victory Over Interlink's Claims
On March 13, 2026, a significant legal decision emerged from Switzerland as the Swiss appellate court refused to entertain Interlink Metals and Chemicals AG's appeal, thereby upholding a previous ruling that invalidated an asset attachment against VSMPO-AVISMA Corporation. This ruling is pivotal as it confirms that Interlink's efforts to attach VSMPO-AVISMA's assets were baseless in accordance with Swiss legal standards.
In December 2024, Interlink initiated a sequestration action, aiming to seize assets they claimed were related to VSMPO-AVISMA. However, a lower court determined that Interlink had not established a legally sufficient rationale for this measure. The court's findings indicated that there was no causal link between the damages Interlink alleged and any breaches it claimed had occurred.
Interlink's dissatisfaction with the lower court's decision prompted the appeal, but the appellate court has now supported the initial judgement, asserting that Interlink's claims were improper under Swiss law. This ruling has far-reaching implications for VSMPO-AVISMA, as it reinforces their position and showcases their capability of successfully navigating legal challenges based on unwarranted claims.
Jay Auslander, Counsel for VSMPO-AVISMA, expressed profound relief and satisfaction with the decision, stating, "This decision confirms what we have said from the outset. The attachment obtained by Interlink lacked a proper legal foundation as well as any factual link between the damages it seeks and the breaches it alleges." Auslander also highlighted that the appellate court's ruling underscores Interlink's failure to establish a plausible claim, warranting a dismissal of their request for an extraordinary remedy against VSMPO-AVISMA.
The appellate court further mandated that Interlink bear the costs of the appellate proceedings, including court costs and the legal expenses that were awarded to VSMPO-AVISMA. This aspect not only emphasizes the judiciary's stance towards frivolous lawsuits but also places a financial burden on Interlink as they grapple with the repercussions of their unsuccessful legal maneuvers.
This outcome is particularly critical amidst ongoing legal confrontations initiated by Interlink and its principal, Igor Raykhelson against VSMPO-AVISMA. The corporation continues to assert its belief that the claims from Interlink are unfounded and stands firm in its confidence that both the facts and applicable laws will consistently uphold its defense throughout these proceedings.
VSMPO-AVISMA, recognized as a leading supplier of titanium products and alloys, caters to more than 450 companies worldwide, spanning across 50 countries. While the company's primary focus lies in the aerospace sector, they also extend their products to power generation, oil, and medical industries. Alongside titanium, VSMPO-AVISMA produces aluminum extrusions, steel, and nickel-based alloys, ensuring a comprehensive portfolio to meet diverse industrial needs.
Operating predominantly from Russia, VSMPO-AVISMA boasts regional facilities such as the AVISMA sponge plant and maintains a robust sales and distribution network throughout Europe, Asia, and North America. This strategic positioning empowers them to effectively serve major manufacturers across various sectors, reinforcing their stature as a cornerstone in the titanium industry.
The appellate court’s decision not only symbolizes a significant legal victory for VSMPO-AVISMA but also sets a precedent in discouraging baseless claims that can disrupt business operations and affect financial stability. As VSMPO-AVISMA braces itself against ongoing challenges, the resolution of this dispute enhances their credibility and assures stakeholders of their robust legal standing within the marketplace. Looking forward, the company remains resolute in its commitment to defending its rights and maintaining its reputation against unwarranted legal adversities.
In December 2024, Interlink initiated a sequestration action, aiming to seize assets they claimed were related to VSMPO-AVISMA. However, a lower court determined that Interlink had not established a legally sufficient rationale for this measure. The court's findings indicated that there was no causal link between the damages Interlink alleged and any breaches it claimed had occurred.
Interlink's dissatisfaction with the lower court's decision prompted the appeal, but the appellate court has now supported the initial judgement, asserting that Interlink's claims were improper under Swiss law. This ruling has far-reaching implications for VSMPO-AVISMA, as it reinforces their position and showcases their capability of successfully navigating legal challenges based on unwarranted claims.
Jay Auslander, Counsel for VSMPO-AVISMA, expressed profound relief and satisfaction with the decision, stating, "This decision confirms what we have said from the outset. The attachment obtained by Interlink lacked a proper legal foundation as well as any factual link between the damages it seeks and the breaches it alleges." Auslander also highlighted that the appellate court's ruling underscores Interlink's failure to establish a plausible claim, warranting a dismissal of their request for an extraordinary remedy against VSMPO-AVISMA.
The appellate court further mandated that Interlink bear the costs of the appellate proceedings, including court costs and the legal expenses that were awarded to VSMPO-AVISMA. This aspect not only emphasizes the judiciary's stance towards frivolous lawsuits but also places a financial burden on Interlink as they grapple with the repercussions of their unsuccessful legal maneuvers.
This outcome is particularly critical amidst ongoing legal confrontations initiated by Interlink and its principal, Igor Raykhelson against VSMPO-AVISMA. The corporation continues to assert its belief that the claims from Interlink are unfounded and stands firm in its confidence that both the facts and applicable laws will consistently uphold its defense throughout these proceedings.
VSMPO-AVISMA, recognized as a leading supplier of titanium products and alloys, caters to more than 450 companies worldwide, spanning across 50 countries. While the company's primary focus lies in the aerospace sector, they also extend their products to power generation, oil, and medical industries. Alongside titanium, VSMPO-AVISMA produces aluminum extrusions, steel, and nickel-based alloys, ensuring a comprehensive portfolio to meet diverse industrial needs.
Operating predominantly from Russia, VSMPO-AVISMA boasts regional facilities such as the AVISMA sponge plant and maintains a robust sales and distribution network throughout Europe, Asia, and North America. This strategic positioning empowers them to effectively serve major manufacturers across various sectors, reinforcing their stature as a cornerstone in the titanium industry.
The appellate court’s decision not only symbolizes a significant legal victory for VSMPO-AVISMA but also sets a precedent in discouraging baseless claims that can disrupt business operations and affect financial stability. As VSMPO-AVISMA braces itself against ongoing challenges, the resolution of this dispute enhances their credibility and assures stakeholders of their robust legal standing within the marketplace. Looking forward, the company remains resolute in its commitment to defending its rights and maintaining its reputation against unwarranted legal adversities.
Topics General Business）
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