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A sanctioned Russian billionaire filed a bankrupt request in London against a former partner on legal costs resulting from a dispute concerning a value of hundreds of millions of dollars in one of the largest producers of fertilizer of the fertilizer of the fertilizer of the fertilizer of world.
Andrey Guryev brought a bankrupt action against Alexander Gorbachev, who continued without success Guryev last year for allegations according to which he regenerated a verbal promise – partly made in a sauna and in the street outside of An ad – to give it substantial interest to Phosagro.
Gorbachev, who has nothing to do with the late Soviet leader Mikhail Gorbachev, lost the trial after a high court judge in September was “unexplained and inexplicable inconsistencies” in his claims.
He was ordered to pay Guryev’s legal costs, amounting to 12 million pounds sterling. Gorbachev has set up a dispute insurance for 10 million pounds sterling, according to a court order in October, leaving a deficit of 2 million pounds sterling.
The court’s order added that Guryev should apply to the implementation of the financial sanctions office, a branch of the British Treasury, for a license “to allow the receipt by it for the sums payable”.
Legal files show that Guryev has filed a bankrupt request – a request for assets to take and sell to pay debts – at the High Court in December against Gorbachev, who attended an initial hearing in the center of London this week.
Daniel Cashman, the lawyer representing Guryev, told court that his client had funds “by millions” resulting from the legal action of Gorbachev.
James Culverwell, lawyer for Gorbachev, said that the bankruptcy request was disputed. The procedure was adjourned on a later date.
The dispute on the participation of Phosagro was one of the many clashes between Russian businessmen before the London courts concerning the disputed property of companies created in the era of the Bouccans who followed the collapse of the Union Soviet.
Gorbachev was a long-standing senior executive in Phosagro, but fled Russia to claim asylum in the United Kingdom in 2004. He said he was the right to 25% of Guryev’s shares in the fertilizer sector, estimated several hundred million dollars.
In support of the trial, Gorbachev cited the conversations that he and Guryev would have had about London years ago, especially in a sauna, outside a pub and in restaurants.
Guryev said that Gorbachev’s claims had “no factual basis” and described legal proceedings as a “shakedown”.
A six -week trial was heard last year, in which judge Mark Pelling KC went to Dubai to hear Guryev’s testimony gave sanctions imposed on the billionaire.
In his decision, the judge noted that there were “quite simply too many unexplained and inexplicable inconsistencies and inherent implausibities” in the claims of Gorbatchev. Gorbachev said at the time that the judgment was “extremely disappointing”.
