Berezovsky vs. Abramovich case not to be resolved until June
MOSCOW, March 14 - RAPSI. The High Court of Justice in London will hardly pass its judgment in the $5.5 billion dispute between Russian oligarchs Boris Berezovsky and Roman Abramovich before June, a source in the UK legal circles close to the situation told the Russian Legal Information Agency.
Boris Berezovsky seeks to recover $5.5 billion from Chelsea owner, claiming in his lawsuit that Roman Abramovich intimidated him and his partner Badri Patarkatsishvili into selling a number of assets for significantly less price than their value, including a 43-percent stake in Sibneft oil company and a share in the Rusal aluminum group in the early 2000s.
The hearings are over, the judge is preparing a judgment.
When testifying in the court, Berezovsky stated that Abramovich abused his confidence and "conned" him.
Abramovich challenged the statement that Berezovsky owned any stakes in these companies. He said he paid millions of dollars, often in cash, to Berezovsky only for political protection and the payments were made legally.