21-07-2009, 01:14 PM
Verrry interesting - looks a nice juicy read.
A little bit stodgier : from today's FT :- ( I wish someone would pay me $1.3bn for a couple of industrial corporations I don't actually own ! )
[size=12]Feuding oligarchs head to court
By Michael Peel and Andrew Jack in London
Published: July 20 2009 22:33 | Last updated: July 20 2009 22:44
Billions of dollars and claims of skulduggery around the aluminium industry and other businesses are at stake in the pair of lawsuits being heard in neighbouring rooms in London’s High Court....
The cases – Boris Berezovsky v Roman Abramovich and Michael Cherney v Oleg Deripaska – are seen as potential sources of political and commercial embarrassment to Russia.....
In written submissions before the case, Mr Abramovich conceded that he paid more than $2bn (€1.4bn, £1.2bn) to Mr Berezovsky and his business partner Badri Patarkatsishvili in relation to ORT, the television network, Sibneft, the oil company, and Rusal, the aluminium group while rejecting claims that Mr Berezovsky had shares in the latter two businesses.
He says Mr Berezovsky had no ownership of the other companies and that he paid $1.3bn in relation to Sibneft "in recognition of the political assistance and protection" Mr Berezovsky provided when Sibneft was set up, and $585m linked to Mr Patarkatsishvili’s "assistance" and "protection" with Rusal....
The two cases are separate but overlap intriguingly in that both involve disputes over the allocation of proceeds of investments in UC Rusal, the aluminium giant. Rusal was formed through a merger of Sibal, Mr Cherney and Mr Deripaska’s aluminium company, with the metals empire of Mr Abramovich and Mr Berezovsky.
Yards away, Mr Deripaska, an embattled plutocrat who is grappling to restructure huge international debts, has launched a fresh effort to stop Mr Cherney bringing a multibillion dollar claim against him in London over their investments in Rusal.
http://www.ft.com/cms/s/0/8a2b001e-756d-...ck_check=1
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A little bit stodgier : from today's FT :- ( I wish someone would pay me $1.3bn for a couple of industrial corporations I don't actually own ! )
[size=12]Feuding oligarchs head to court
By Michael Peel and Andrew Jack in London
Published: July 20 2009 22:33 | Last updated: July 20 2009 22:44
Billions of dollars and claims of skulduggery around the aluminium industry and other businesses are at stake in the pair of lawsuits being heard in neighbouring rooms in London’s High Court....
The cases – Boris Berezovsky v Roman Abramovich and Michael Cherney v Oleg Deripaska – are seen as potential sources of political and commercial embarrassment to Russia.....
In written submissions before the case, Mr Abramovich conceded that he paid more than $2bn (€1.4bn, £1.2bn) to Mr Berezovsky and his business partner Badri Patarkatsishvili in relation to ORT, the television network, Sibneft, the oil company, and Rusal, the aluminium group while rejecting claims that Mr Berezovsky had shares in the latter two businesses.
He says Mr Berezovsky had no ownership of the other companies and that he paid $1.3bn in relation to Sibneft "in recognition of the political assistance and protection" Mr Berezovsky provided when Sibneft was set up, and $585m linked to Mr Patarkatsishvili’s "assistance" and "protection" with Rusal....
The two cases are separate but overlap intriguingly in that both involve disputes over the allocation of proceeds of investments in UC Rusal, the aluminium giant. Rusal was formed through a merger of Sibal, Mr Cherney and Mr Deripaska’s aluminium company, with the metals empire of Mr Abramovich and Mr Berezovsky.
Yards away, Mr Deripaska, an embattled plutocrat who is grappling to restructure huge international debts, has launched a fresh effort to stop Mr Cherney bringing a multibillion dollar claim against him in London over their investments in Rusal.
http://www.ft.com/cms/s/0/8a2b001e-756d-...ck_check=1
[/SIZE]