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London court dismisses Berezovsky's claim against Abramovich

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Berezovsky vs. Abramovich dispute, the discreet charm of Russian business

The London High Court began hearing Boris Berezovsky's $5.5 billion lawsuit against Roman Abramovich on October 3. Berezovsky seeks compensation for assets he was forced to sell to Abramovich between 2000 and 2003, shortly after his flight from prosecution in Russia. Berezovsky claims in his lawsuit that Abramovich intimidated him and his business partner Badri Patarkatsishvili into selling a number of assets, including a 43-percent interest in the Sibneft oil company and a stake in the Rusal aluminum group, at a fraction of their value.

18:35 31/08/2012 Russian oligarch Roman Abramovich won big in a England and Wales High Court verdict that could have cost him billions. Berezovsky filed two claims against Abramovich amounting to approximately $5 billion in connection with losses he allegedly accrued when business relations soured between the two parties. More »
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