The UK High Court cleared Russian oligarch Oleg Deripaska of contempt on Wednesday.
The industrialist, who is considered an ally of Russian President Vladimir Putin, has been involved in a long-running legal battle with Russia's former deputy finance minister Vladimir Chernukhin over the development of an “extremely valuable” site in central Moscow.
Mr Chernukhin, whose wife Lubov is a Conservative Party donor, previously claimed Mr Deripaska had deliberately put millions of his shares in aluminium and power company EN+ Group “beyond the reach” of the English courts.
In 2020, the former minister claimed Mr Deripaska arranged for EN+ to be “redomiciled” from Jersey to Russia in breach of an undertaking to the court to preserve his EN+ shares, which were then said to be worth about £190 million ($237 million).
At a hearing in March, lawyers for Mr Chernukhin alleged the oligarch had committed “serious and deliberate breaches” of the undertaking and that he should be found in contempt of court.
Contempt of court can be punished by an unlimited fine and up to two years in prison.
However, in a ruling on Wednesday, Judge Mark Pelling KC dismissed the bid, finding that Mr Chernukhin had not proved his case against Mr Deripaska.
Oligarchs sanctioned by the UK — in pictures
Mr Pelling said the allegation of breaching the undertaking “depends upon proof to the criminal standard that the shares in EN+ Group PLC were cancelled upon it changing its domicile to Russia”.
“That has not been proved,” he said. “On that basis this allegation must fail.”
The industrialist was initially sanctioned by the US for “having acted or purported to act on behalf of, directly or indirectly, a senior official of the government of the Russian Federation, and for operating in the energy sector of the Russian Federation economy”.
He was one of seven oligarchs hit with sanctions by the UK on March 10 last year.
Mr Deripaska was described as being “closely associated” with the Russian government and its leader and “involved in destabilising and threatening” Ukraine.
Four days after the sanctions were imposed, four protesters broke into one of Mr Deripaska’s properties in Belgravia Square, London, before declaring it “belongs to Ukrainian refugees”.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
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UAE v Ireland
1st ODI, UAE win by 6 wickets
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Global state-owned investor ranking by size
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1.
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United States
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2.
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China
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3.
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UAE
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4.
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Japan
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5
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Norway
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6.
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Canada
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7.
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Singapore
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8.
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Australia
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9.
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Saudi Arabia
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10.
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South Korea
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The specs: 2018 Opel Mokka X
Price, as tested: Dh84,000
Engine: 1.4L, four-cylinder turbo
Transmission: Six-speed auto
Power: 142hp at 4,900rpm
Torque: 200Nm at 1,850rpm
Fuel economy, combined: 6.5L / 100km
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Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
T20 World Cup Qualifier
Final: Netherlands beat PNG by seven wickets
Qualified teams
1. Netherlands
2. PNG
3. Ireland
4. Namibia
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Group B: Bangladesh, Netherlands, Namibia, Scotland
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Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
The specs: 2019 Aston Martin DBS Superleggera
Price, base: Dh1.2 million
Engine: 5.2-litre twin-turbo V12
Transmission: Eight-speed automatic
Power: 725hp @ 6,500pm
Torque: 900Nm @ 1,800rpm
Fuel economy, combined: 12.3L / 100km (estimate)
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UAE currency: the story behind the money in your pockets
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
