Economics
Arrested in Russia, U.S. Investor Faces Setback in London Court
- RBC says court ordered Baring Vostok to pay opponent’s fees
- Baring Vostok says decision is just an interim ruling
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The London Court of International Arbitration ruled in favor of a group of Russian investors in their legal battle with besieged private equity investor Michael Calvey in a decision that could force him to give up control of a key asset.