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ARTICLE · 09 SEPTEMBER 2012

Berezovsky 0 v Abramovich 2

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Mr Abramovich has won the battle of the Oligarchs after one of the most lengthy and expensive legal disputes London has seen in recent years.

United KingdomLitigation, Mediation & Arbitration
Stephen Ross
Stephen Ross
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Mr Abramovich has won the battle of the Oligarchs after one of the most lengthy and expensive legal disputes London has seen in recent years. Judgment was handed down by Mrs Justice Gloster in the multi-billion dispute this morning.

Mr Berezovsky, now in exile in the UK, claimed that Mr Abramovich had cheated him in a share deal and demanded over £3billion in damages. He claimed that he and Abramovich were partners in Sibneft, the oil company and Abramovich forced him to sell his shares at an undervalue when he fell out of favour with Vladimir Putin.

Abramovich strongly denied the allegation, claiming that he only originally retained Berezovsky because of his top-level contacts in the Kremlin at the time.

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