Abramovich loses legal battle over £2bn claim
Chelsea Football Club owner Roman Abramovich lost a bid to dismiss a £2 billion claim against him by fellow Russian oligarch and former business partner Boris Berezovsky today.
High Court judge Mr Justice Colman, refusing an application to strike out the action, said: "I am satisfied that it is impossible to say that his claim has no real prospect of success.
"Whereas in certain respects it may appear to present very formidable difficulties, it is in no respect so weak that Boris Berezovsky should be prevented from bringing it to trial."
Mr Berezovsky is alleging that Mr Abramovich used "threats and intimidation" to force him to sell shares in Russian oil company Sibneft at a fraction of their value.
These threats included pressure from Mr Abramovich that if the shares were not sold, they would be expropriated by the Kremlin, according to the claim.
In 2005, Mr Abramovich sold Sibneft to state-run OAO Gazprom for £8.5 billion.
The two men, who were once business partners, are among the richest in the world - but Mr Berezovsky's estimated £500 million fortune is dwarfed by Mr Abramovich's £10.8 billion.
Mr Berezovsky fled to the UK in 2000 after falling out with the then Russian president Vladimir Putin.
- 1 Frank Lampard's face drops when Holly Willoughby introduces him as a 'Man City legend'
- 2 Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
- 3 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 4 The Visit: Trailer for M Night Shyamalan's latest horror film is terrifying
- 5 9/11: Iranian General accuses US of organising September 11 terror attacks
General Election 2015: Tories sack candidate who said she would never support 'the Jew' Ed Miliband
9/11: Iranian General accuses US of organising September 11 terror attacks
General Election 2015: Stephen Hawking says he will vote Labour
Manny Pacquiao begs Indonesia president to spare life of drug smuggler Mary Jane Veloso about to be executed
Yazidi sex slaves undergoing surgery to 'restore virginity' after being raped by Isis militants
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
Andrew Lloyd Webber: Phantom of the Opera writer mocked after issuing a warning about Ed Miliband and Nicola Sturgeon
General election 2015: Labour will toughen hate crimes legislation surrounding Islamophobia
HSBC review into moving headquarters from UK 'underway'
£16000 - £25000 per annum: Recruitment Genius: A Photographer/ Floor planner /...
£30000 - £40000 per annum: Ashdown Group: Front-End Developer - Guildford/Craw...
£13500 - £15000 per annum: Recruitment Genius: A Customer Service Assistant is...
£16000 - £35000 per annum: Recruitment Genius: An ambitious and motivated Sale...