Russian Businessman Urges Court To Set Aside $95M Award
Law360, London (December 3, 2019, 4:42 PM GMT) -- Lawyers for Russian billionaire Oleg Deripaska told an English appeals court on Tuesday that a lower court had misinterpreted a shareholder agreement at the heart of a long-running dispute with a business associate when it allowed a $95 million arbitration award to stand.
Deripaska's attorney called the decision "entirely unworkable" as he urged the Court of Appeal to overturn a decision in February at the High Court. Judge Nigel Teare had dismissed the oligarch’s challenge to an arbitration award requiring him to pay $95 million to Vladimir Chernukhin, a former deputy finance minister in Russia, after a dispute over valuable real estate...
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!