Marks & Sokolov, LLC is pleased to announce that it has been engaged to represent the Russian Federation, the Ministry of Finance, the Central Bank of Russia, and the National Wealth Fund (which has no separate legal identity) in Noble Capital RSD LLC v. The Russian Federation et al. (Case No. 1:25-cv-01796), pending before the U.S. District Court for the District of Columbia. Bruce S. Marks, the firm’s managing member, serves as lead counsel for Defendants.
The case involves claims asserting alleged obligations arising from historical sovereign debt instruments issued during the era of the Russian Empire. The plaintiff seeks to enforce purported obligations tied to Imperial Russian sovereign debt instruments that are more than a century old in an amount not less than $225.8 billion. The action raises substantial questions regarding the Court’s jurisdiction under the Foreign Sovereign Immunities Act (FSIA), as well as significant substantive issues concerning the validity and enforceability of long-repudiated, century-old debt.
Marks & Sokolov brings extensive experience in sovereign representation, international arbitration, and cross-border litigation. The firm’s attorneys have a proven track record advising clients on complex disputes involving financial instruments, international claims, and enforcement proceedings before U.S. courts and tribunals across multiple jurisdictions. The firm is committed to safeguarding its clients’ interests and to addressing complex international matters with rigor, expertise, and care.