Russian Billionaire Cannot Dispute Property Deal

Law360, London (December 4, 2019, 5:33 PM GMT) -- Russian businessman Oleg Deripaska agreed that a former government minister would have ownership rights to property at the heart of a business feud even though he was not named in the paperwork, the ex-politician’s lawyer told an English appeals court on Wednesday.

David Railton QC was arguing to uphold a $95 million award in favor of his client, former minister Vladimir Chernukhin, who is fighting an appeal brought by Deripaska.

The attorney told the Court of Appeal that the lower court’s reasoning was “impeccable” when it concluded in February that Chernukhin was a “true joint venture partner” of Deripaska in acquiring valuable real...

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