Dechert and its white collar head Neil Gerrard could face costs estimated at around £40 million in the long-running dispute with the Eurasian Natural Resources Corporation (ENRC), documents show.

According to a document presented in court last month on behalf of the ENRC, total costs attributed to Dechert and Gerrard “in defending their claim [against the ENRC]” are estimated to come at £33.9 million plus VAT, for a total of around £40 million.