Sunday, August 19, 2012

How much are the quarrels oligarchs: from $ 100 million to $ 40 billion


Russian Forbes has made a rating of the most expensive overseas trials of Russian oligarchs.
Early 2010's was marked by increased activity in foreign courts of the Russian oligarchs - both present and former. Almost all trials that feature amount is greater than $ 100 million, are considered in the same place - in London. And this is not surprising either Russian or British lawyers.
British court system has a reputation for fair and balanced - in contrast to the Russian. Today in the High Court pending lawsuit just four, which involve Russian oligarchs.
Three of them somehow related to Boris Berezovsky, in 2002 living in London as a political refugee, and two - the owner of "Rusal" Oleg Deripaski.Forbes chose five largest and most "expensive" - based on the amount of the disputed transactions - Trial Russian billionaires outside their home country.
Viktor Vekselberg against Oleg Deripaska
The amount of the impugned transaction: $ 47 billion
Year of submission: 2012
Which deals in London, the London Court of International Arbitration
Start hearing: date not determined
Status: a lawsuit is filed
The lawsuit was filed by Sual Partners to the main shareholder OK "Rusal" - holding company En +, as well as Glencore, "Rusal" and Oleg Deripaska personally and for long-term contracts "Rusal" with Glencore for the supply of primary aluminum and alumina, the total amount of which Sual Partners estimates the $ 47 billion board OK approved contracts in November 2011, despite a veto Sual Partners, and supplies for them, as confirmed in mid-March Deripaska, is already underway. According to Sual Partners, contracts were approved illegally, and because the company is seeking to stop the action and for nullity, as well as damages and the amount of illegal enrichment.
Boris Berezovsky against Roman Abramovich
Claim: $ 5.5 billion
Year of submission: 2007
Which deals in London, High Court
Start Hearings: October 2011
Status: taken, the verdict is not announced
Boris Berezovsky's lawsuit was still the Governor of Chukotka Roman Abramovich forced concerned, according to Berezovsky, sales in 2000-2003, he and his partner Badri Patarkatsishvili their shares in ORT, "Sibneft" and "Rusal" at a reduced price. Their losses from the sale of "Sibneft" plaintiff estimated at $ 3.1 billion, from the sale of "Rusal" - at $ 554 million, and the rest had to share in the ORT. In protracted four and a half months of the hearings both oligarchs personally, but as witnesses were former deputy head of Russian Presidential Administration Alexander Voloshin, the owner of "Rusal" Oleg Deripaska, banker Alexander Smolensky, the chairman of the advisory committee "Euroset" Alexander Mamut and many others.
Boris Berezovsky against the family of Badri Patarkatsishvili
Claim: $ 3 billion
Year of submission: 2012
Which deals in London, High Court
Start Hearings: October 2012
Status: a lawsuit is filed
According to Boris Berezovsky, once he emigrating from Russia to the United Kingdom, gave a portion of their assets to the late businessman Badri Patarkatsishvili now. According to Berezovsky, while they have been issued an arrangement that combined assets and income from management halved. After Patarkatsishvili's death, according to Berezovsky, Patarkatsishvili's family has refused to comply with the terms of the agreement, arguing that it was an informal and may not apply to all the property of the deceased.




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