Supreme court of Monaco has closed the case against Rybolovlev Bouvier
ARTinvestment.RU   10 июля 2020

This verdict confirmed the previous decision of the court of the country, to recognize violations and the imbalance of power between the parties during the investigation

As it became known on Wednesday, July 8, 2020, Supreme court of Monaco endorsed the decision of the lower court and upheld the verdict in December 2019. According to the court, the criminal case against art-дилера Yves Bouvier should be dismissed because "the investigation was conducted in a biased and unfair manner in conditions which seriously violated the legal balance between the parties," according to the materials of the case.

History, we will remind, began in 2015, when Russian billionaire has accused your dealer of cheating and misappropriation of nearly $1 billion, which Bouvier has received, having sold Rybolovlev 38 works of art at deliberately inflated prices. This number, for example, includes the famous attributed to the brush of Leonardo da Vinci's "the Savior of the world," Rybolovlev purchased for $128 million in 2013 and Bouvier purchased shortly before for $75-80 million

the statement of the lawyers for Rybolovlev said: "this outcome has occurred for purely procedural reasons, and not from-за lack of evidence against Yves Bouvier".

One of the main reasons the court such a verdict on the-прежнему is the so-called "Monaco-гейт" when it was established that the representatives Rybolovlev bribed the former Minister of justice Philip Narmino ski trips, private trips by helicopter and other gifts to influence the court's decision. The corruption scandal also testified Rybolovlev close ties with senior police and justice Monaco and led to the resignations of the Minister of justice and some of his subordinates. This scandal became the formal reason for Bouvier to file a countersuit against Rybolovlev with his accusation of corruption, the production of which is still ongoing.

however, continues the investigation of the case in which the Bouvier has been accused of fraud in the sale Rybolovlev 38 works of art maintained in Switzerland. Bouvier, as before, denied all allegations of fraud and artificial increase in prices, arguing in an interview that "he was not an agent or adviser, like any art-дилер, he had the right to call Rybolovlev any price, which he wanted, and that Rybolovlev was willing to pay". Art-дилер confirms that "in the negotiations with assistants Rybolovlev he often pretended that trading with owners of the works, although at that time already owned works of art", but it was his legitimate business-тактика. The fact that Bouvier received from Rybolovlev wages, in his opinion, did not mean that he worked for the collector: according to Bouvier, the money covered the administrative, insurance and transport costs, and also vzyalis for providing his personal guarantee authenticity of sold works of art and possible reputational risks.

Despite the final verdict of the court in Monaco, it is obvious that this story is still far from complete. Besides Switzerland, judicial processes "against Rybolovlev Bouvier" is still underway in the United States, France and the UK.

the Material was prepared by Maria Kuznetsova,AI

Source: nytimes.com

On this subject, please read on AI:
on 19 December 2019: the Court of Monaco has closed the case of collector Dmitry Rybolovlev against the Swiss dealer Yves Bouvier
on 27 June 2019: "Sotbis" all-таки have to sue Rybolovlev, USA
07 Nov 2018: Dmitry Rybolovlev, detained in Monaco
October 03, 2018: Dmitry Rybolovlev wants to sue Sotheby's $380 000 000
29 may 2018: In new-Йорке discontinued the investigation against Yves Bouvier at the suit rybolovleva
October 11, 2017: Leonardo billionaire Rybolovlev exhibited at Christie's
September 18, 2017: Rybolovlev with Bouvier was removed from the post of the Minister of justice of Monaco
01 Mar 2017: Bloomberg calculates losses Rybolovlev from investments in art
February 13, 2017: Art-дилер Yves Bouvier told about the damages after claims Rybolovlev
22 Dec 2015: "Rybolovlev vs Bouvier" entered the top art-скандалов 2015