header-logo header-logo

23 November 2012 / Louis Flannery KC
Issue: 7539 / Categories: Features , Commercial
printer mail-detail

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

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
back-to-top-scroll