Oligarch Seeks More Life Expenses Under £1.3B Asset Freeze
Law360, London (October 30, 2019, 7:11 PM GMT) -- A Russian oligarch wanted by the country's authorities over one of the country's largest bank collapses asked a London court on Wednesday to increase the allowance for his living expenses imposed under a £1.3 billion ($1.7 billion) freezing order on his assets.
Georgy Bedzhamov, the former head of Russia's bobsleigh federation and the brother of the jailed ex-chief executive of collapsed Vneshprombank, is seeking to overturn a High Court judgment that set his allowance for monthly expenses at £80,000.
Bedzhamov claimed he and his family will be forced to leave their homes, in London and Monaco respectively, as a result of...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!