The long-running $4bn dispute between two Russian businessmen for a 20% stake of aluminium giant RUSAL is set to be heard in the UK courts. In a judgment handed down last week (3 July), Mr Justice Christopher Clarke confirmed Michael Cherney could pursue his claims against RUSAL owner Oleg Deripaska in England.Israeli-based businessman Cherney claims that as a result of a deal struck in London in 2001, Deripaska agreed to hold a 20% stake in RUSAL in trust for him.
July 07, 2008 at 11:16 AM
1 minute read
The original version of this story was published on Legalweek
The long-running $4bn dispute between two Russian businessmen for a 20% stake of aluminium giant RUSAL is set to be heard in the UK courts.
In a judgment handed down last week (3 July), Mr Justice Christopher Clarke confirmed Michael Cherney could pursue his claims against RUSAL owner Oleg Deripaska in England.
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