It was a legal battle that promised to lay bare the skeletons of Russia’s underworld and give the world a fascinating insight into the former Soviet Union’s bloody aluminium wars.
Alas, the glare of the court’s eye was shut out yesterday as Michael Cherney settled his $1bn (£650m) claim against Oleg Deripaska, bringing an end to one of the largest cases of the year (27 September 2012).
Whether that means Quinn Emannuel Urquhart & Sullivan partner Sue Prevezer QC was quaffing champagne with the rest of Deripaska’s legal team – Blackstone Chambers’ Thomas Beazley QC and One Essex Court’s Alain Choo Choy QC – in Sloane Square last night is another matter.
All we know – so far – is that Deripaska’s spokesman in Moscow released a terse statement yesterday declaring: “Neither party will be making any further comment in relation to the litigation or matters raised therein.”
This probably isn’t what Thoreau had in mind when he wrote “silence alone is worthy to be heard”. But it’s a nice fit.
Also on TheLawyer.com:
- Herbies is feeling the pinch as a result of the IPO slump in Hong Kong and is sending its associates off on secondments with clients
- Osborne Clarke isn’t going to let the matter of its proposed merger with Field Fisher Waterhouse distract it from geographical growth – an office opening in Brussels is on the agenda
- Meanwhile, The Lawyer is considering what Europe’s top firms have to offer our 2012 European Awards. Get an insight into what the judging panel thought here.