Businessman loses his bid to acquire a stake in Russian insurer

By Lucia Osborne-Crowley (November 5, 2021, 12:19 GMT) – A London court has rejected an attempt by a Russian businessman to claim a third of the shares of an insurance company he created with two co-founders, concluding that the agreement on which he was relying to stake his claim did not exist.

High Court Insolvency and Corporate Court Judge Catherine Burton ruled that Cossac Holdings Ltd., a company owned by Anatoly Diyakov – who has since died – failed to convince the court that he had to change the ownership of a company that the businessman set up with two partners to allow a third party to …

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