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By John Helmer, Moscow The two 20-year veteran coalminers who have directed Raspadskaya, one of Russia’s leading coking coal producers, have unexpectedly sold out their stake in the company. According to the terms of the deal announced in Moscow yesterday, Evraz, the vertically integrated steel and mining group controlled by Roman Abramovich (left image), will […]
by John Helmer - Friday, October 5th, 2012
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By John Helmer, Moscow United Company Rusal, the Jersey-registered aluminium monopoly of Russia, has announced that “Mr Barry Cheung resigns as Chairman of the Company with effect from 1 October 2012, but will remain as an independent non-executive director of the Company. The Board is pleased to announce that Mr Matthias Warnig, an independent non-executive […]
by John Helmer - Tuesday, October 2nd, 2012
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By John Helmer, Moscow The full text of Justice Dame Elizabeth Gloster’s judgement in the UK High Court case of Boris Berezovsky v Roman Abramovich runs to 356 pages, 1253 sections, one appendix, and 555 footnotes. She is kindly toward the case lawyers, the computer system operators, the courtroom administrators, and the simultaneous translators. She […]
by John Helmer - Friday, September 21st, 2012
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By John Helmer, Moscow Swiss bankers aren’t famous for their sense of humour. So it will come as no surprise that the Gnomes of Zurich were serious when they recently sent a questionnaire to 22 of the richest crooks and liars in Russia, asking them for their assessment of the prospects for Russian wealth management […]
by John Helmer - Wednesday, September 19th, 2012
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By John Helmer,Moscow Russian government investigators are focusing on a tiny, little known Latvian bank through which Oleg Deripaska (front) has been holding and moving billions of dollars. The Latvian Trade Bank (LTB), as it was known for many years, has recently been renamed Expobank, after it was taken over by Igor Kim, who bought […]
by John Helmer - Thursday, September 13th, 2012
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By John Helmer, Moscow That Boris Berezovsky (image upper right) is a self-delusional liar is no news, particularly not in Moscow. That Justice Dame Elizabeth Gloster (image lower right) should have made this point the crux of her August 31 judgement, dismissing Berezovsky’s claims against Roman Abramovich (lower left), should come as a surprise only […]
by John Helmer - Sunday, September 2nd, 2012
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By John Helmer, Moscow Victor Vekselberg won a major UK High Court action on Friday, and the presiding judge, Justice Guy Newey, has ordered that he should get his money’s worth returned. No ruling of fraud was allowed. The amount may turn out to be less than Vekselberg has spent on lawyers and experts over […]
by John Helmer - Sunday, July 29th, 2012
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By John Helmer, Moscow There is a unique protection in the Ontario Business Corporations Act which may have Alexei Mordashov’s name written all over it. It’s called the oppression remedy. What this does is to allow minority shareholders to go to court to challenge the votes and decisions of majority or control shareholders in a […]
by John Helmer - Sunday, July 29th, 2012
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By John Helmer, Moscow It seems that this August Suleiman Kerimov will be holidaying with his Mother, as in Motherland. A recent yachting news bulletin from the port of Bergen, Norway, reports that Kerimov’s motor yacht is “docked next to Bryggen, in walking distance to most of the attractions in the center of Bergen. The […]
by John Helmer - Friday, July 27th, 2012
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By John Helmer, Moscow Once upon a time, Oleg Deripaska was the protégé of Mikhail Chernoy (Michael Cherney). In that relationship, Cherney, the older, taller one, called Deripaska, the younger, shorter one, Zaichik (“hare”). When he grew up, Cherney made him his business partner. In the year 2000, the man who is today Deripaska’s principal […]
by John Helmer - Friday, July 27th, 2012
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