Mining Russian oligarchs fight mine battle in London court Roman Abramovich and Oleg Deripaska embroiled in row over control of Russia’s biggest mining company Oleg Deripaska left, and Roman Abramovich at a meeting at the Kremlin in Moscow, Russia, in 2006. Photograph: Bloomberg/via Getty ImagesChelsea FC owner Roman Abramovich is preparing for a London court battle with two other billionaire Russian oligarchs over control of Russia’s biggest mining company. Deripaska’s aluminium company Rusal went to the high court in London on Friday seeking an injunction to prevent Abramovich’s investment firm selling its stake to Whiteleave. Rusal is struggling under vast debts and might not have enough money to fight for Abramovich’s stake, which if it were sold to Whiteleave would give Potanin control of Nornickel. The case is the latest in a series of high profile battles Russian billionaires have chosen to fight in London, turning many City lawyers into millionaires.

Source: The Guardian February 16, 2018 18:11 UTC