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Berezovsky agrees to cover Abramovich's 35 mln pound legal fees

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16:17 12/10/2012

LONDON, October 12 - RAPSI. Self-exiled oligarch Boris Berezovsky, who lost his lawsuit against Chelsea owner Roman Abramovich in the High Court of Justice in London, has agreed to pay the latter's 35 million pound ($56 million) legal fees, his lawyers said during the final court session on Friday.

The court dismissed Berezovsky's $5.5 billion claims brought against Abramovich over the sale of assets in a number of Russian companies in the early 2000s.

The legal battle began in October 2011.

Berezovsky claimed that Abramovich had intimidated him and his business partner Badri Patarkatsishvili into selling those assets, which included a 43 percent interest in the Sibneft oil company and a stake in the Rusal aluminum group, below market value.

Abramovich allegedly insisted that the assets would have otherwise been expropriated.

The High Court of Justice in London ruled against Berezovsky in August. Following the trial, the plaintiff said that he had lost faith in the British judicial system.

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Berezovsky agrees to cover Abramovich's 35 mln pound legal fees

16:17 12/10/2012 Self-exiled oligarch Boris Berezovsky, who lost his lawsuit against Chelsea owner Roman Abramovich in the High Court of Justice in London, has agreed to pay the latter's 35 million pound ($56 million) legal fees.
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