Friday, 31 August 2012

Roman Abramovich wins court battle against Berezovsky

Chelsea FC owner Roman Abramovich has won his legal battle against exiled Russian oligarch Boris Berezovsky.
Mr Berezovsky, 65, said Mr Abramovich, 45, had intimidated him into selling shares in Russian oil giant Sibneft. He was claiming £3bn ($4.7bn) in damages.
But the London Commercial Court judge said Mr Berozovsky had been an "inherently unreliable" witness.
Mr Berezovsky said he was "shocked" at Mrs Justice Gloster's decision and that she had rewritten Russian history.

The BBC estimates the total legal costs in the case are up to £100m.
In her ruling the judge said: "On my analysis of the entirety of the evidence, I found Mr Berezovsky an unimpressive, and inherently unreliable, witness, who regarded truth as a transitory, flexible concept, which could be moulded to suit his current purposes."
She said she dismissed Mr Berezovsky's claims in relation to Sibneft - and a claim Mr Abramovich had broken a promise over a deal involving Russian aluminium company RusAl - "in their entirety".
She also said she found Mr Abramovich "to be a truthful, and on the whole reliable, witness".

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