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Georgians are Waiting for a Special Announcement from the Patarkatsishvilis, Berezovsky Settles the Lawsuit

Published: October 15, 2012 | 10:12 am
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The COMMERCIAL TIMES

Georgians are waiting for a special announcement from Badri Patarkatsishvili’s family. Recently Mzia Totladze, late businessman’s sister, stated that the family was agreeing details and would make a special announcement by the end of the week. It’s not clear yet whether it will include the claim to return Imedi TV.

Meanwhile, other developments are also active around the Patarkatsishvilis.

Boris Berezovsky, the Russian oligarch who recently suffered a crushing defeat after losing a $6bn lawsuit against Roman Abramovich, the owner of Chelsea football club, is to settle another forthcoming court battle, reports Financial Times. The article reads that Mr Berezovsky had filed a lawsuit against the estate and family of his late business associate Badri Patarkatsishvili, which was due to be heard in the High Court in November. The two men had both acquired substantial wealth during the 1990s in Russia and later both moved to the UK. However, in February 2008 Mr Patarkatsishvili died unexpectedly at his Surrey home.

The lawsuit, mentioned in the article, dates back to 2008 when Mr Berezovsky began legal proceedings against Inna Gudavadze, Iya Patarkatsishvili, Liana Zhmotova and Natela Patarkatsishvili. The lawsuit had centred on whether Mr Berezovsky had an interest in certain assets collectively worth about $3bn. Mr Patarkatsishvili’s family had denied Mr Berezovsky’s claim and brought a substantial counterclaim.

According to Fianncial Times, Mr Berezovsky’s claims against the family estate have now been settled and the terms of the agreement remain confidential.

 

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