Word: deripaska
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Dates: during 2000-2009
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...reformist zeal. More than ever, he says, Russia needs an independent judiciary and legislature, a free press, real elections, real political parties. The oligarchs, he says, understand that the system cannot survive forever. They are scared and looking for handouts. (At the top of the list is Oleg Deripaska, head of investment firm Basic Element, which has interests in the aluminum, energy and financial-services sectors among others, and recently received a $4.5-billion infusion from the state.) "Once they found themselves in trouble they started this sort of SOS signal, calling on Putin's door, 'Give us the money...
...argumentation has been equally dense in the courtroom next door, where Deripaska, who bought out Abramovich's shares in Rusal in 2003, is appealing an earlier ruling that another Russian-born tycoon, Michael Cherney, can sue him in English courts. (See pictures of Russia celebrating Victory...
Cherney is demanding 20% of the shares in Rusal as part of an agreement he says was made at the creation of Rusal, when a company he owned was subsumed into the new entity. Berezovsky has supplied depositions to Cherney's team. Deripaska denies the allegations. His legal team argues that the case should be heard in Russia. Deripaska's attorney, Ali Malek, told the appeals court that the case had "absolutely nothing to do with [Britain...
...Malek's point. Deripaska has a house in London, but Cherney is a resident in Israel, and the companies and events at issue are located in Russia, barring a disputed meeting in London at which an agreement may or may not have been reached. But the original decision to allow the case to proceed in Britain was made on the basis that Cherney's life and freedom could be at risk in Russia and he might not get a fair trial there. The ruling, effectively implying that the Russian court system could not be trusted, has done little to help...
...table is Berezovsky. Apart from his suit against Abramovich and tangential involvement in Cherney's spat with Deripaska, he has filed a lawsuit against Russian metals magnate Vasily Anisimov and his company Coalco for a stake Berezovsky says he owns in Coalco subsidiary Metalloinvest. In addition, Berezovsky's lawyers have lodged a statement with the court denying that commission is owed on a luxury yacht he just sold. And the tycoon is currently suing a Moscow-based television company for libel. Then there's the matter of his divorce from his wife Galina, which is currently being negotiated...