The Chelsea football club owner, Roman Abramovich, has won a high court action against his rival Russian oligarch Boris Berezovsky over a disputed £3bn debt.
Berezovsky, 66, was in the central London court to hear the judge, Mrs Justice Gloster, rule that he had lost his claim, which involved allegations of blackmail, breach of trust and breach of contract.
Abramovich, 45, who had denied the accusations, was not in the Rolls building courtroom to hear the final decision in the 10-month hearing.
Berezovsky, the former Kremlin insider turned bitter critic of Vladimir Putin, had claimed that Abramovich cheated him out of more than $5bn (£3.2bn) and "intimidated" him into selling shares in a Russian oil company at a fraction of their value. Abramovich, who remains on good terms with President Putin, said he did not owe Berezovsky anything.
It was the biggest private litigation battle in British legal history.
In her judgment, Gloster said the case "fell to be decided almost exclusively on the facts; very few issues of law were involved … The case was one where, in the ultimate analysis, the court had to decide whether to believe Mr Berezovsky or Mr Abramovich".
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