The London court rejected Berezovsky

The High Court of London rejected Boris Berezovsky's $5 billion claim against Roman Abramovich.

The hearings ended in January 2012. As previously reported, Judge Elizabeth Gloster, who took a break for 7 months, promised to make public the essence of the solution to the conflict between former business partners. In addition, the press service of the British Judicial Office announced that the rationale for the decision will be made public in the fall, and the final meeting will be open to the public and journalists.

Berezovsky sued Abramovich in a London court back in 2007. According to the lawsuit, Abramovich forced Berezovsky to enter into a deal to sell Sibneft shares at a reduced price. In addition, according to Berezovsky, Abramovich, who previously managed half of the Rusal company, in 2003 sold a 50 percent stake in the company to Oleg Deripaska without the consent of his partners - Berezovsky and Badri Patarkatsishvili. Now Berezovsky is demanding to recover $5 billion from Sibneft and $564 million from Rusal as compensation for a number of Russian assets he sold.

Abramovich, in turn, stated in court that Berezovsky had no shares at all, in this case he simply provided a roof for the business. During the hearings, the High Court of London spent a long time figuring out what it means to “protect a business,” since such a concept is unknown in the UK.

The main hearings lasted from October 2011 to January 2012. The witnesses were the owner of Rusal Oleg Deripaska, the former head of the presidential administration Alexander Voloshin, the former shareholder of YUKOS Leonid Nevzlin and others.