Russian Oligarch Can't Nix $95M Arbitration Award In London
Law360, London (February 7, 2019, 8:26 PM GMT) -- A London judge on Thursday refused to nix an arbitration award requiring Russian oligarch Oleg Deripaska to pay a business associate $95 million following a dispute over some valuable real estate in Central Moscow.
Deripaska, one of the world's richest men, has lost his long-running legal battle with Vladimir Chernukhin, a former deputy finance minister in Russia, over the ownership of land the oligarch is alleged to have taken over by force during a business feud in 2010.
The billionaire had sought to challenge an arbitration tribunal ruling that found he had jointly bought the factory site with Chernukhin, which has since...
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