Boris Berezovsky
The estate of the late Russian oligarch Boris Berezovsky may
be insolvent with debts of more than £300m, the High Court in London heard
yesterday.
Berezovsky, a Kremlin critic, died unexpectedly in March and
the High Court is facing “massive contested hearings” connected to his will and
litigation before his death.
His daughter from his first marriage, Ekaterina
Berezovskaya, won partial approval from the court after she sought to be named
as interim executor of her father’s estate.
Berezovsky made billions after the collapse of the Soviet
Union by taking control of key assets but fled Russia for London in 2001 after
falling out with President Vladimir Putin.
Following his death no one stepped up to become executor so
the court appointed Grant Thornton interim receiver to deal with litigation
brought against him by Aeroflot, the Russian airline.
Berezovsky had brought an ill fated $6bn lawsuit against
Roman Abramovich, owner of Chelsea football club, and his financial position
before he died is still unclear.
The hearing is likely to be one of a number this autumn as
Ms Berezovskaya has indicated that she intends to defend the estate against the
Aeroflot litigation.
No inquest has yet been concluded into the death of
Berezovsky, 67, who was found dead at his home in Ascot, Berkshire. A coroner
has heard that he was found on a bathroom floor with a ligature around his
neck.
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