Russian billionaire Abramovich in Swiss court over debt case
Legal Compliance News
Russian billionaire and Chelsea soccer club owner Roman Abramovich has appeared in a Swiss court as part of a 19-year-old legal case aimed to wrest 46 million Swiss francs ($46 million) in debts allegedly owed by him and others to a European bank.
Abramovich was in Fribourg court as part of a lawsuit brought by the London-based European Bank for Reconstruction and Development against Abramovich, Russian oil tycoon Eugene Shvidler, and the Russian energy company Gazprom Neft, a bank spokesman said Wednesday.
The suit aims to recover alleged debts left behind by Abramovich's now-defunct Runicom trading firm, which was based in Switzerland until its bankruptcy in 2003.
The initial amount sought by EBRD was $17.5 million, but the claim has grown to $46 million to include interest and costs.
Related listings
-
State appeals court reinstates California's right-to-die law
Legal Compliance News 06/16/2018A state appeals court has reinstated — at least for now — California's law allowing terminally ill people to end their lives.The Fourth District Court of Appeals in Riverside issued an immediate stay Friday putting the End of Life Option ...
-
Gamers in court for first time after Kansas 'swatting' death
Legal Compliance News 06/13/2018Two online gamers whose alleged dispute over a $1.50 Call of Duty WWII video game bet ultimately led police to fatally shoot a Kansas man not involved in the argument will make their first appearances in court Wednesday in a case of "swatting" that h...
-
UK Supreme Court criticizes Northern Ireland abortion laws
Legal Compliance News 06/08/2018Britain's Supreme Court on Thursday criticized Northern Ireland's strict anti-abortion laws but dismissed a legal challenge.A majority of the court decided that the Northern Ireland Human Rights Commission, which initiated the case, did not have the ...
CHICAGO BUSINESS & CORPORATE LITIGATION LAWYERS
When faced with a legal challenge, your attorneys should help you identify your goals at the beginning of the process. Thereafter, every action that follows must be undertaken with the aim of meeting those goals. Wasted effort equals wasted time and money, that’s something you cannot afford and your attorneys must respect this concept. At Roth Law Group, we counsel our clients to confront their legal challenges aggressively, but with purpose.
As a former Marine Corps Pilot, I learned that you must assess the situation, determine your mission, construct a plan to achieve the mission and execute that plan. As an attorney and small business owner, I apply the same concepts in taking on my client’s legal challenges. And while it is generally preferable to resolve cases early in the process whenever possible, if you have no choice but to fight, you need someone who is willing to aggressively advocate for you. Here at Roth Law Group, we never back down from a challenge and we fight to win. Let our experienced attorneys put you in control of your legal challenges so you can get back to running your business.