Support The Moscow Times!

Suit Against TNK-BP Tossed

The eighth arbitration appeal court in Omsk upheld the ruling of the arbitration court of the Tyumen region that dismissed Andrei Prokhorov's claim against TNK-BP Holding board members Peter Anthony Charow and Richard Sloan, BP Russia Investment said in a statement Thursday.

Prokhorov, who owns 0.0000106 percent of shares of TNK-BP Holding, filed two lawsuits on August 9, 2011, against BP Russian Investment, BP and board members of TNK-BP Holding.

Prokhorov sought to recover 496 billion rubles ($16 billion) in lost profits to TNK-BP allegedly incurred by the company due to nonparticipation in the potential Arctic deal with Rosneft.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.