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Rich pickings (Pt I)

23 November 2012 / Louis Flannery KC
Issue: 7539 / Categories: Features , Commercial
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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

CBI South-East Council—Mike Wilson

CBI South-East Council—Mike Wilson

Blake Morgan managing partner appointed chair of CBI South-East Council

Birketts—Phillippa O’Neill

Birketts—Phillippa O’Neill

Commercial dispute resolution team welcomes partner in Cambridge

Charles Russell Speechlys—Matthew Griffin

Charles Russell Speechlys—Matthew Griffin

Firm strengthens international funds capability with senior hire

NEWS
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In this week's issue, Stephen Gold, NLJ columnist and former district judge, surveys another eclectic fortnight in procedure. With humour and humanity, he reminds readers that beneath the procedural dust, the law still changes lives
Generative AI isn’t the villain of the courtroom—it’s the misunderstanding of it that’s dangerous, argues Dr Alan Ma of Birmingham City University and the Birmingham Law Society in this week's NLJ
James Naylor of Naylor Solicitors dissects the government’s plan to outlaw upward-only rent review (UORR) clauses in new commercial leases under Schedule 31 of the English Devolution and Community Empowerment Bill, in this week's NLJ. The reform, he explains, marks a seismic shift in landlord-tenant power dynamics: rents will no longer rise inexorably, and tenants gain statutory caps and procedural rights
Writing in NLJ this week, James Harrison and Jenna Coad of Penningtons Manches Cooper chart the Privy Council’s demolition of the long-standing ‘shareholder rule’ in Jardine Strategic v Oasis Investments
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