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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.

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London court dismisses Berezovsky's claim against Abramovich

Russian oligarch Roman Abramovich won big today in a England and Wales High Court verdict that could have cost him billions. Holding against Boris Berezovsky on both counts of his multi-billion dollar claim, Judge Gloster held that, “It follows that I dismiss Mr. Berezovsky's claims both in relation to Sibneft and in relation to RusAl in their entirety. I direct that any consequential matters arising out of this judgment should be addressed on a subsequent occasion, when counsel have had an opportunity to consider this judgment and supply me with a draft form of order reflecting my findings.”
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