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Franz J. Sedelmayer is a German entrepreneur and CEO of the US-based WTP LLC. His attempts, through legal proceedings in various jurisdictions, to win compensation for assets expropriated by the Russian state in the 1990s have been covered by the world media. He is the author of “Welcome to Putingrad”, a memoir of his time in Russia and his case against Vladimir Putin and the Russian Federation. To date Sedelmayer is the only one of Russia’s creditors who has actually collected on outstanding debt overriding Russia's claim of sovereign immunity. The Sedelmayer vs. Russian Federation saga, which included approximately 140 different legal proceedings throughout the world is an illustration of the difficulties one might encounter when trying to enforce investment arbitral awards against a state.
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