Friday January 24, 2020

US court asks Cyprus to help find directors of Irish oil film at centre of oligarch row

Coral Petroleum is at the centre of a $2 billion legal dispute

25th September, 2016

A New York court has requested judicial assistance from Cyprus in tracking down the directors of an Irish oil firm, allegedly controlled by Russian oligarch Leonid Lebedev.

Coral Petroleum is at the centre of a $2 billion legal dispute between Lebedev and US-based Russian billionaires Len Blavatnik and Viktor Vekselberg.

Lebedev is suing them over an alleged breach of a 2001 oil contract to obtain control of the Russian oil company Tyumenskaya Neftyanaya Kompania (“TNK”).

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