Roman Abramovich will be forced to publicly explain his business dealings and ties to the Kremlin after he failed yesterday to strike out a £2bn lawsuit brought by his former business partner Boris Berezovsky.
A trial was scheduled for October next year when the Chelsea FC owner, who rarely talks about his business activities, will face cross-examination by a leading commercial barrister, according to the Times.
The trial, which could last 11 weeks, will be the biggest in a series of disputes between Russian oligarchs that have been fought in the English courts in recent years. FULL STORY...
GARY HOFFMAN, CEO OF the nationalised bank Northern Rock, was paid nearly £1.4m last year - more than he was previously receiving at Barclays Bank, it emerged yesterday.
The figure, revealed in the Rock's annual report and accounts, excludes a bonus payment because Mr Hoffman waived his right to receive an award despite hitting performance targets, writes the Independent.
Nevertheless, the size of the package awarded to Mr Hoffman, which made him one of the country's most highly paid public servants, is likely to prompt some anger, because Rock lost more than £380m last year. FULL STORY...
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