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" ... 21. Mr Abramovich denied Mr Berezovsky's RusAl claim. In broad summary, Mr. Abramovich denied Mr. Berezovsky’s claim to an interest in the pre- merger aluminium assets based on the allegation that there was an oral binding agreement in 1995 that each of Mr. Abramovich, Mr. Berezovsky or Mr. Patarkatsishvili should be entitled to participate in the same proportions in any future business venture undertaken by either of the others. He further denied that he had ever agreed in 1999, or at any other time, to participate with Mr. Berezovsky and Mr. Patarkatsishvili in the acquisition of the pre-merger aluminium assets on the same terms as the 1995 Agreement. ... "