Sunday, August 17, 2008

Michael Cherney Seeks Justice For Money Owed by Oleg Deripaska

Richest Russian oligarch, Oleg Deripaska, Loses Round

By ERIC REGULY
The Globe And Mail

August 4, 2008
ROME -- Oleg Deripaska is not used to setbacks.

He has been extraordinarily successful since he won the so-called aluminum wars in the 1990s. He is Russia's richest man and is said to be Prime Minister Vladimir Putin's favourite oligarch. Through his holding company, Basic Element, Mr. Deripaska controls $45-billion (U.S.) of assets, among them UC Rusal, the world's biggest aluminum producer, and 18 per cent of Canadian auto parts maker Magna International Inc.