Sunday July 12, 2020

Coral Petroleum chiefs fail to testify in $2bn oligarch showdown

High Court ordered directors of alleged shell company to give their evidence in June

28th August, 2016
US-based billionaire Viktor Vekselberg is involved in a dispute Pic: Getty

The current directors of Irish-based oil firm Coral Petroleum have so far failed to cooperate in a $2 billion legal showdown between Russian oligarchs in New York.

In June, the High Court granted a request from the US authorities to have five past and present directors of the alleged shell company give testimony in the offices of a Dublin solicitors firm. The order was made under the Foreign Tribunals’ Evidence Act 1856.

The directors’ evidence is...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 3 weeks ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 2 months ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 2 months ago