Year of call: 2021 (Solicitor: 2016), New York Bar 2021
E: rcholakov@3vb.com

Email the Practice Managers:

JuniorsPMs@3vb.com

Rumen has a broad experience in all of 3VB’s core areas of practice, with a particular interest in banking disputes, complex civil fraud cases, and international arbitration. He has appeared on his own both in the High Court and County Courts. 

Prior to transferring to the Bar, Rumen was admitted as a solicitor in 2016 and practiced as an associate in the Banking and Finance team of Kirkland & Ellis International LLP in London where he represented private equity clients in leveraged finance, real estate finance, direct lending, special situations, fund financing, and restructuring transactions.

Rumen is also a member of the New York Bar. He has worked as an Intern at the Brooklyn District Attorney’s office and the United Nations Development Programme and as a Research Assistant in international commercial arbitration to Professor George Bermann.

Recent Cases:

  • Currently acting for one of the defendants in an alleged unlawful means conspiracy claim relating to a crypto asset investment platform, as sole counsel (High Court). 
  • Currently acting for a private equity backed portfolio company in a dispute over the potential enforcement of debt facilities, which included successfully obtaining injunctive relief, led by Richard Salter QC and Philip Hinks (High Court).
  • Currently acting for the corporate claimant in a US$2.5m ad hoc arbitration seated in London, as sole counsel.
  • Currently acting for one of the respondents in a PCA arbitration seated in London, led by Hefin Rees QC.
  • Regularly acting for financial institutions defending Consumer Credit Act 1974 claims, including HSBC UK Bank PLC, Barclays Bank UK PLC, Santander Cards UK Limited, Lloyds Bank PLC, MBNA Limited, Creation Financial Services Limited, Blemain Finance Limited, and Vanquis Bank Limited.

  • Currently acting for the corporate claimant in a US$2.5m ad hoc arbitration seated in London, as sole counsel.
  • Currently acting for one of the respondents in a PCA arbitration seated in London, led by Hefin Rees QC.
  • Anon – acting on an ICC arbitration concerning a commission entitlement in respect of Kazakhstan oil development project (as a pupil).
  • Anon – acting for the respondent to linked LCIA arbitrations concerning a dispute between shareholders in a leading hotel group (as a pupil).
  • Currently acting for a private equity backed portfolio company in a dispute over the potential enforcement of debt facilities, which included successfully obtaining injunctive relief, led by Richard Salter QC and Philip Hinks (High Court).
  • Currently acting for one of the defendants in an alleged unlawful means conspiracy claim relating to a crypto asset investment platform, as sole counsel (High Court).
  • Benkel v East-West German Real Estate Holding [2020] EWHC 1489 (Ch) – acting for the defendants to a claim brought by the Trustee in Bankruptcy of Eliezer Fishman, the largest bankruptcy in Israeli history, in relation to an alleged portfolio of concealed assets (as a pupil).
  • Suppipat and others v Narongdej and others [2020] EWHC 3191 (Comm) – acting for Siam Commercial Bank as one of the defendants in an alleged fraudulent conspiracy relating to Thai energy companies with an estimated value of US$1-2 billion (as a pupil).
  • Currently acting for the defendant in a commercial dispute in relation to the payment of recruitment commissions, as sole counsel.
  • Currently acting for a pro bono client in a commercial dispute for breach of contract and unjust enrichment, as sole counsel. 
  • Yoo v Iliv [2021] EWCA Civ 560 – acting for the claimant in a claim to recover sums due under a design services agreement in respect of a leading property development in Singapore (as a pupil).
  • Acting for Creation Financial Services Limited as defendant to a PPI hidden commission claim, as sole counsel. 
  • Currently acting for a pro bono client in a commercial dispute for breach of contract and unjust enrichment, as sole counsel. 

2016-2019 Kirkland & Ellis International LLP (London) (Associate)

2014-2016 Davis Polk & Wardwell (London) LLP (London and New York) (Trainee Solicitor)

2019-2020 Columbia University in the City of New York, Master of Laws (LLM)

2013-2014 Nottingham Trent University Law School (Kaplan Law School campus in London), Legal Practice Course

2012-2013 University of Law (Moorgate), Graduate Diploma in Law

2009-2012 Trinity College, Cambridge, MA (Hons) History, Double First Class

Harlan Fiske Stone Scholar: Columbia University (2020)

Fulbright Scholar, Rice Family Scholar, Norman and Rosita Winston Memorial Scholar: Columbia University (2020)

Top in Class Award in American Constitutional Law: Columbia University (2020)

Dean’s Honors in Trial Practice: Columbia University (2020)

McDougall Award for Highest Achievement in Modern European History: Trinity College, Cambridge (2012)

Senior Scholar: Trinity College, Cambridge (2011)

Honorary Cambridge European Trust Scholar: University of Cambridge (2009-2012)

World Champion (team United Kingdom) and Individual Best Speaker: IDEA Karl Popper World Debating Championships (2008)

Bulgarian (fluent), Russian (reading), French (reading)

LexisPSL: Jurisdiction, admissibility, and AA 1996, s 67 challenges (Sierra Leone v SL Mining).