LONDON, April 5 (Reuters) - Russian aluminium tycoon
Oleg Deripaska was cleared of contempt of court by London’s High
Court on Wednesday in a long-running legal battle with his
former business partner.
The founder of aluminium giant Rusal was alleged
to have breached an undertaking to the court in a lawsuit
brought by former Russian finance minister Vladimir Chernukhin
over a joint venture to develop real estate in Moscow.
Chernukhin said Deripaska was in contempt by allowing EN+
Group, which owns a 57% stake in Rusal, to relocate from Jersey
to Russia in response to U.S. sanctions. But Judge Mark Pelling
ruled on Wednesday that Chernukhin had not proved his case
against Deripaska.
(Reporting by Sam Tobin, editing by Sarah Young)
Messaging: sarah.young.thomsonreuters@reuters.net))
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