Russian tycoon Oleg Deripaska was cleared of contempt of court by London’s High Court in a long-running legal battle with his former business partner. The founder of aluminium giant Rusal was alleged to have breached an undertaking to the court in a lawsuit brought by former Russian Finance Minister Vladimir Chernukhin over a joint venture to develop real estate in Moscow. Chernukhin said Deripaska was in contempt by allowing the EN+ Group, which owns 57 percent of Rusal, to relocate from Jersey to Russia in response to U.S. sanctions. Judge Mark Pelling ruled on April 5 that Chernukhin had not proved his case. To read the original story by Reuters, click here.
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