Boris Berezovsky agreed to drop a four-year-old dispute against the estate of his former business partner Badri Patarkatsishvili.
The lawsuit was withdrawn and neither side admitted liability, Christian Collinson, a spokesman for Berezovsky’s law firm, Addleshaw Goddard LLP, said in an e-mailed statement. Other terms of the settlement were confidential.
Berezovsky, who filed the suit in 2008, claimed he had interests in Patarkatsishvili’s assets collectively worth around $3 billion, lawyers for the 66-year-old former adviser to Russian President Boris Yeltsin, said in a separate statement.
“Following the withdrawal of proceedings between Mr. Berezovsky and the Patarkatsishvili family, Mr. Berezovsky confirms that he has no claim to any interest in any of the assets currently managed by Salford Capital Partners,” the law firm said.
Berezovsky last month lost one of the largest civil suits ever in U.K. courts to Roman Abramovich, the owner of Chelsea Football Club.
Patarkatsishvili, originally from Georgia, died in Feb. 2008 age 52 at his U.K. home. Patarkatsishvili ran against Georgian leader Mikheil Saakashvili in the former Soviet republic’s presidential election just before his death.
The Patarkatsishvili family’s lawyer, Graham Huntley at Signature Litigation, declined to comment.