Russian metals moguls Deripaska and Cherney settle RUSAL stake spat

Russian billionaires Oleg Deripaska and Michael Cherney reached an 11th-hour settlement in a dispute over a billion dollar slice of aluminium giant RUSAL, shortly before they were due to give evidence in a drawn-out London court case.

The case, which had been expected to run well into 2013, was due to dwell on allegations of broken promises, criminality and mob rule while shining a light on the murky carve-up of lucrative smelters in the ‘wild east’ of post-Soviet Siberia.

via Business feed http://www.scmp.com/business/companies/article/1049281/russian-metals-moguls-deripaska-and-cherney-settle-rusal-stake