Switch off the editor’s digest free of charge
Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter.
A sanctioned Russian billionaire has submitted an insolvency application against a former employee of legal costs in London, which results from a dispute over a share of hundreds of million dollars in one of the world’s largest fertilizer producers.
Andrey Guryev raised the insolvency lawsuit against Alexander Gorbachev, who unsuccessfully sued Gyev last year because he claimed that he had demolished a verbal promise – partly in a sauna and on the street outside of a pub – to give him a fundamental interest in Phosagro .
Gorbachev, who is not a relationship between the late Soviet leader Mikhail Gorbachev, lost the lawsuit after a judge found in September in September “Inexplicable and inexplicable inconsistencies” In his requirements.
He was instructed to pay the legal costs of Guryev in the amount of 12 million GBP. According to a court regulation, Gorbachev had a legal dispute insurance for 10 million in October.
The court command added that Guryev had to apply for the implementation of the Office for Financial Sanctions, an arm of the British Ministry of Finance, to “allow the entrance to allow the sum to allow the sum”.
Legal documents show that Guryev was submitted and sold at the High Court against Gorbachev in December – an application for assets to pay debts – at the High Court, who took part in a first hearing in the center of London this week.
Daniel Cashman, the lawyer who represents Guryev, told the court that his client was owed “in the millions” that result from Gorbachev’s failed legal proceedings.
James Culverwell, Gorbachev’s lawyer, said that bankruptcy applications were controversial. The procedure was postponed at a later date.
The dispute over the proportion of Phosagro was one of several clashes between Russian business people in front of the London courts on controversial property to companies that were created in the Buccanening era that followed the collapse of the Soviet Union.
Gorbachev was a long -time senior manager at Phosagro, but fled in Russia in 2004 to claim asylum in Great Britain.
To support the lawsuit, Gorbachev, who he and Guryev allegedly had in London years ago, quoted in a sauna, outside a pub and in restaurants.
Guryev said that Gorbachev’s claims “had no factual basis” and described the legal proceedings as “Shakedown”.
Last year a six -week process was negotiated, in which judge Mark Pelling KC traveled to Dubai to hear Guryev’s statements that were imposed on the billionaire.
In his decision, the judge found that in Gorbachev’s claims “there were simply too many inexplicable inconsistencies and inherent unplausifications”. Gorbachev said at the time that the judgment was “extremely disappointing”.
