Oligarchs Battle in Court

By The Moscow Times

Feb. 23, 2011

LONDON — The British Court of Appeal gave the go-ahead Wednesday for self-exiled tycoon Boris Berezovsky to sue fellow oligarch and former business associate Roman Abramovich.

The court upheld an earlier court ruling, blocking a bid by Abramovich to have the case thrown out. Berezovsky's £2 billion ($3.3 billion) lawsuit claims Abramovich used "threats and intimidation" to force him to sell shares in Sibneft at a fraction of their value.

The men are former business partners and both now live in London. Abramovich sold Sibneft to Gazprom in a multibillion-dollar deal in 2005.

(AP)

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