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You're reading: Russian metals moguls clash in London court
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Michael Cherney, who now lives in Israel, charges that metals mogul Oleg Deripaska reneged on a deal to buy him out of their joint aluminium business, RUSAL. Deripaska, a survivor of President Vladimir Putin’s crackdown on oligarchs who once wielded great political power, denies having had any such business relationship with Cherney.

Deripaska, who controls RUSAL and moves in high political and social circles in Russia and Britain, says he was the victim of a protection racket Cherney helped orchestrate – an accusation Cherney denies.

“One side or other is plainly telling lies on a grand scale,” declared Judge Christopher Clarke in 2008 after allowing Cherney to bring the case in Britain, whose courts have become the venue of choice for warring Russian wealthy who often do not trust to justice at home.

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