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Bouvier – Rybolovlev continued…

July 24, 2020

Tales from the dark sideOver the years, we have written more than a dozen posts about the Bouvier – Rybolovlev conflict.  In a quick summary, Russian billionaire Dmitry Rybolovlev claims to have been defrauded of over $1 billion for 38 works of art by Swiss art dealer Yves Bouvier.

In December, an appellate court judge in Monaco dismissed the case, which began in 2015, stating that “all investigations were conducted in a biased and unfair way without the defendant being in a position to retrospectively redress these serious anomalies that permanently compromised the balance of rights of the parties.” Of course, his attorney appealed the decision.

In the most recent news, the Monaco Court of Revisions “…upheld the decision of a lower court to dismiss charges of fraud and money laundering against Bouvier. The decision effectively ends the country’s criminal investigation into the dealer…”

I guess this mess will continue since Bouvier had filed charges of corruption against Rybolovlev, claiming he bribed law enforcement involved in the case, which has sparked an investigation.  This win for Bouvier does not mean he’s out of hot water since there are additional open cases against him, including those in Geneva, France, and Switzerland.

Source: Court Ruling in Monaco Ends One Piece of a $2 Billion Art Dispute

Source: In a Big Win for Yves Bouvier, a Monaco Judge Throws Out Dmitry Rybolovlev’s Charges Against the Swiss Art Dealer