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23 November 2012 / Louis Flannery KC
Issue: 7539 / Categories: Features , Commercial
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Rich pickings (Pt I)

Louis Flannery analyses the latest saga in the oligarch wars taking place in the English courts

As a story, the case of Berezovsky v Abramovich had everything: sex; money; politics; power; mysterious deaths; shady deals in a top London hotel; corruption; and betrayal. As a legal battle, it also had everything: billions of dollars at stake; a massive trial, stretching over the best part of six months; stellar counsel, playing at the top of their game; legal fees said to have reached over £100m in total; a judge regarded as one of the best on the bench, and widely tipped for promotion; lying witnesses; and a good old-fashioned fight between two mightily rich men. Throw in a decent mix of legal issues and you have the dream court case.

Background: the end of Communism in Russia

The story really begins in the late 1980s and 1990s: a period of extraordinary upheaval in Russian history. During this period—as Russia ceased to be part of the Soviet Union—the political system, the centralised economy

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MOVERS & SHAKERS

Clyde & Co—Suriya Ashok

Clyde & Co—Suriya Ashok

Clyde Co strengthens energy transition and construction offering with hire of Suriya Ashok

Jurit—Nicole Gallop Mildon

Jurit—Nicole Gallop Mildon

Jurit appoints rare dual-qualified lawyer to expand Anglo-French private wealth expertise

NEWS
The Financial Reporting Council’s revised Audit Enforcement Procedure will alter the balance of power in corporate investigations
A telecoms operator may be able to hold over under the Landlord and Tenant Act 1954, yet still be unable to secure a renewal: an outcome described as a legal ‘paradox’

Safety fears do not automatically justify shutting an interested person out of a statutory will application

Consumer credit law is heading for its biggest shake-up in 50 years, with the Consumer Credit Act 1974 set to yield much of its detailed statutory machinery to FCA rules
The Supreme Court has settled a long-running dispute over part-time workers: unfavourable treatment need be a significant or effective cause, not the sole cause
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