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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

Clarke Willmott—Anita Rasaratnam

Clarke Willmott—Anita Rasaratnam

Clarke Willmott strengthens social housing development offering with senior London appointment

Trowers & Hamlins—David Meecham

Trowers & Hamlins—David Meecham

Trowers strengthens Birmingham real estate team with partner hire

Blake Morgan—Jennifer Ray & Louise Culleton

Blake Morgan—Jennifer Ray & Louise Culleton

Blake Morgan expands private client and regulatory teams with new legal directors

NEWS
A mood of cautious optimism has enveloped the criminal law sector following indications the Prime Minister may abandon planned jury reforms
Helping to source the services and providers you need
The Senior Courts Costs Office has clarified that judges conducting detailed assessment proceedings cannot order security for costs—a ruling that may leave successful parties exposed to further litigation expense
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
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