Swiss Court Upholds Ruling Against Interlink's Asset Attachment on VSMPO-AVISMA

Appellate court affirms lower court decision, orders Interlink to pay legal costs

Mar. 14, 2026 at 12:35am

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A Swiss appellate court has upheld a lower court ruling that invalidated an asset attachment obtained by Interlink Metals and Chemicals AG against VSMPO-AVISMA Corporation. The court agreed with the lower court's finding that Interlink failed to demonstrate a legally sufficient basis for the attachment and that there was no causal link between the damages Interlink claimed and the breaches it alleged. The appellate court ordered Interlink to bear the costs of the proceedings, including legal expenses awarded to VSMPO-AVISMA.

Why it matters

This decision represents a significant victory for VSMPO-AVISMA in its ongoing legal disputes with Interlink and its principal, Igor Raykhelson. The ruling reinforces that Interlink's claims against VSMPO-AVISMA lacked proper legal foundation, and underscores VSMPO-AVISMA's confidence in defending itself against what it believes are unfounded allegations.

The details

In December 2024, Interlink initiated a sequestration action in Switzerland seeking to attach assets allegedly connected to VSMPO-AVISMA. A lower court subsequently invalidated the attachment, concluding that Interlink had failed to demonstrate a legally sufficient basis for the measure and that there was "no causal link" between the damages Interlink claimed and the breaches it alleged. Interlink appealed the decision, but the Swiss appellate court has now affirmed the lower court's ruling, confirming that the attachment should not stand.

  • The sequestration action was initiated by Interlink in December 2024.
  • The lower court invalidated the attachment in 2025.
  • Interlink appealed the decision, but the Swiss appellate court upheld the ruling on March 13, 2026.

The players

VSMPO-AVISMA Corporation

A leading vertical supplier of titanium products and alloys, serving 450 companies across 50 countries. Primarily focused on global aerospace, they also supply power generation, oil, and medical sectors. Beyond titanium, the company produces aluminum extrusions, steel, and nickel-based alloys.

Interlink Metals and Chemicals AG

The company that initiated the sequestration action against VSMPO-AVISMA, seeking to attach assets allegedly connected to the Russian company.

Igor Raykhelson

The principal of Interlink Metals and Chemicals AG, who is involved in the ongoing legal disputes with VSMPO-AVISMA.

Jay Auslander

Counsel for VSMPO-AVISMA.

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What they’re saying

“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. The appellate court's ruling reinforces that Interlink failed to establish even a plausible claim to justify the extraordinary and utterly unjustifiable remedy it sought at VSMPO-AVISMA's expense.”

— Jay Auslander, Counsel for VSMPO-AVISMA

The takeaway

The Swiss appellate court's decision represents a significant victory for VSMPO-AVISMA, reinforcing that Interlink's claims against the company lacked proper legal foundation. This ruling underscores VSMPO-AVISMA's confidence in defending itself against what it believes are unfounded allegations, and highlights the importance of due process and the rule of law in resolving complex international business disputes.