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15 December 2015

Addleshaw comes to settlement over £12.6m Berezovsky bill

Addleshaw Goddard has settled with the administrators of the estate of Boris Berezovsky, the Russian oligarch and mathematician who was found dead, aged 67, at his home in the English countryside in March 2013.

By Neasa MacErlean

English High Court: over-rules fraud watchdog

The work to which the fees related was carried out in connection with litigation that Mr Berezovsky, an opponent of Russian president Vladmir Putin, had undertaken against metals magnate Vasily Anisimov and other parties. 


The administrators from Grant Thornton had said that the work was done as part of a conditional fee arrangement. The administrators had refused to pay the sum outstanding. as they said that Mr Berezovsky's state was insolvent. The High Court had found in favour of Addleshaws and an appeal from Grant Thornton was due to be heard this month. But Addleshaws has announced that it has come to a settlement. The firm said in a statement: 'The parties are pleased to announce that the proceedings have been brought to an end. The terms of the settlement agreement are confidential and no further comment will be made.'

Open verdict

Mr Berezovsky made his money in Russia after the state began privatising assets, including TV channels. He was wanted in Russia for fraud charges and extradition claims had been unsuccessfully made to Britian to have him handed over. Although his death at his ex-wife's home near Ascot was consistent with hanging and there were no signs of a violent struggle, the coroner gave an open verdict. Sources: Legal BusinessThe Guardian

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