Sanctioned Russian billionaire files London bankruptcy petition against former associate

Unlock the editor’s digest in the

FT editor Raula Khalaf selected his favorite stories in this weekly newsletter.

An approved Russian billionaire applied for a bankruptcy against former associates in London against a dispute over a number of dollars worth of fertilizers in the world’s largest fertilizer producers.

Andre Guriv Alexander has taken bankruptcy against Gorbachev, who sued Gauriv last year against Gauriv that he renewed verbal promises – partially a sauna and a pub on the street – to give him enough interest in fostero.

Gorbachev, who lost the case after the late Soviet leader Mikhail Gorbachev has no relationship after the High Court judge in September “Unspoken and unattached inconsistencies” In his claim.

He was ordered to pay the legal expenses of Gautiv, which amount to £ 12mn. According to a court order in October, Gorbachev had a case of litigation at $ 1 million, leaving $ 2 million deficit.

The court order was added that Gauriv had to apply to the implementation office of financial sanctions, for a license for a UK Treasury forces, “to allow him to receive the amount paid.”

Legal records found that Gurve filed a bankruptcy petition – an appeal to take and sell the Debts – Participated in the High Court in the High Court in December in the High Court this week against Gorbachev against Gorbachev.

Daniel Cashman, a barrister representing Gauriv, told the court that Gorbachev’s failed court had owed his client with “millions of millions” money.

Gorbachev’s barrister James Culverwell said that the bankruptcy appeal was being contested. The process was postponed on the next date.

After the collapse of the Soviet Union, there was a dispute over Fosagro partnerships among Russian businessmen in the London court over the ownership of a business in the Buchaniering era.

Gorbachev was a long -time senior manager in Fosagro but Russia fled to demand asylum in the UK in the 21st. He claimed that he possessed 20 percent of the fertilizer business, Gauraov, which is estimated that there are several hundred million dollars worth of dollars.

In support of the case, Gorbachev mentioned the conversation of Gurvov that he was in London a few years ago, with a sauana, a pub and restaurant.

Guriv said that Gorbachev had “no true basis” of these statements and described the legal activities as “shakedown”.

Last year a six -week trial was heard, in which Judge Mark Peling traveled to Dubai after hearing the evidence given by Mark Peling KC billionaire.

In his judgment, the judge discovered that Gorbachev claims “there are only many abstracted and unspoken inconsistencies and instincts”. Gorbachev said at the time that the verdict was “extremely frustrating”.