Glenn Hendrix Quoted in Business Insider

AGG Managing Partner Glenn P. Hendrix is quoted in article titled “Billionaire Wars: A Russian Oligarch Dove Between the Legs of a Bodyguard to Deliver a Lawsuit to Another Russian Oligarch,” published in Business Insider on February 17, 2012. The article discusses why business people from Russia and the countries that once made up the Soviet Union are now choosing to arbitrate in the courts of London, England, rather than in their own Commonwealth of Independent States (CIS). According to the article, millionaire Boris Berezovsky dove between the legs of a special forces-trained bodyguard at a Hermes store in London to serve a $6-billion court writ to Russian oligarch Roman Abramovich. Lawyers claim these lawsuits are a multi-billion dollar industry and that the average legal fees run several million dollars per case. Mr. Hendrix says that U.S. courts in the past have turned down these types of suits when judges ruled that the U.S. lacked jurisdiction over them. However, recently, the number of CIS disputes in the U.S. has been on the rise, he says.