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Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Monday, August 26, 2013

New Assets Found in Berezovsky Estate

Boris

As I have previously discussed, the estate of Boris Berezovsky is quite complicated.  The estate has become even more complicated after 9 billion rubles worth of Serbian assets have been discovered and seized by Russian prosecutors.

Boris Berezovsky was once one of the richest men in Russia, but his fortune began to decline following asset freezes by Russian authorities.  Russian courts sentenced him to multiple-year prison terms after convicting him on embezzlement and fraud charges.  Berezovsky apparently committed suicide in his London home earlier this March.

An executor of his will has yet to be named after five potential executors have refused to take any responsibility.  Some believed Berezovsky‚Äôs estate may have been insolvent, however, the discovery of the substantial Serbian assets would suggest otherwise.

See Ivan Nechepurenko, Uncertainty Hangs Over Berezovsky Estate as New Assets Found, The Moscow Times, Aug. 21, 2013.

http://lawprofessors.typepad.com/trusts_estates_prof/2013/08/new-assets-found-in-berezovsky-estate-.html

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