The court granted powers to the English Provisional Liquidator (Mr. Stephen Cork of Smith & Williamson) to issue proceedings in the Commercial Court in London on behalf of Yugraneft against Mr. Roman Abramovich, Millhouse Capital UK Limited and Boris Berezovsky. Those proceedings were issued on the same day and have been served on the defendants
The proceedings arise out of the dilution of Yugraneft's interest in a joint venture company Sibneft Yugra, and involve substantial claims to recover the proceeds of the diluted interest.
Henry Cameron, Chief Executive of Sibir, said: "This is now a matter for the Provisional Liquidator and the English Commercial Court in London".
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