Russian Billionaire Loses Appeal Against $95M Award

Law360, London (February 6, 2020, 1:57 PM GMT) -- An English appeals court on Thursday dismissed a Russian billionaire's second attempt to overturn an arbitration award requiring him to pay $95 million to a business associate after pushing him out of a deal to redevelop a factory.

Oleg Deripaska knew who he was in business with regardless of the name on the contract, the Court of Appeal ruled.

Deripaska, who is the subject of U.S. sanctions and reputedly close to the Kremlin, understood that Vladimir Chernukhin was the real business partner behind plans to buy and develop a factory in Moscow, even though his name doesn’t appear in writing, the...

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!