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Thursday, 27 October 2016


Court called Patarkatsishvili’s family the proprietor of all trusts

2010-02-03 16:08

Gibraltarian court called the family of late Georgian tycoon Badri Patarkatsishvili the proprietor of 100 per cent of trusts, relatives of the deceased stated - RIA Novosti. Their ownership was disputed by a distant relative of the deceased, Joseph Key [Ioseph Kakalashvili].


The statement of tycoon's family also mentions that the sentence of the court prohibited Key to conduct any legal actions regarding these assets. Besides, he was obliged to compensate the family their expenditures on court.

The decision is final and cannot be appealed, the statement says.

Besides, the decision of Gibraltarian court on arrest of Joseph Key's assets all over the world since December 17th 2009, remains valid.

As the civil processes against Key finished successfully, Patarkatsishvili's family cannot rule out bringing criminal case against him.

In December 2009 the Gibraltarian court called widow Inna Gudavadze and family of Badri Patarkatsishvili owners of 86 per cent of trusts; the 14 per cent rest were under financial studies.


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