United Kingdom - The High Court has dismissed a lawsuit brought by a wealthy Israeli-Russian businessman against Lev Leviev, the world’s largest cutter and polisher of diamonds.
Arkady Gaydamak, whose son Sacha used to own Portsmouth football club, was embroiled in a legal battle with Mr Leviev over the profits of the diamond industry in Angola.
Mr Gaydamak had alleged that he and Mr Leviev had entered into a written agreement in 2001 to share profits from diamond trading and that the only signed copy of the agreement was entrusted for safekeeping to the Chief Rabbi of Russia – Rabbi Berel Lazar.
Mr Leviev had denied the claim. The court was told during the case that the Chief Rabbi, who did not appear to give evidence, no longer had the document. continue...