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.
Russian Tycoon Deripaska Cleared Of Contempt Of Court In London
Russian billionaire Oleg Deripaska attends the St. Petersburg International Economic Forum in June 2022.