LONDON, September 28 (RIA Novosti)
Aluminum tycoon Oleg Deripaska confirmed on Thursday that fellow oligarch Mikhail Cherney had dropped a claim against him, after the two men settled their high-profile dispute outside of court, a representative said in a statement.
Both parties, however, have remained tight-lipped on the details.
Cherney was claiming a 20 percent stake – worth about $1.6 billion – in Derispaska’s aluminum giant RUSAL in a long-standing dispute dating back to the 1990s.
The hearing against Deripaska was scheduled to resume on Thursday, but was suddenly postponed until October 2.
Cherney claimed Deripaska signed over a stake in the company in 2001, while Deripaska denies the men were ever business partners.
The case was the second high-profile suit between Russian oligarchs to have taken place in a London court recently. Russian businessman and Chelsea FC owner Roman Abramovich won a suit earlier this month brought by his former friend and vehement Vladimir Putin critic Boris Berezovsky.
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The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.