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If you had pots of money, but had a dodgy past, would you risk it all by bringing a high profile case to court.

The Russians are trying to put the Russian Mafia era behind them - and emphasise the new times of legitimate business.

Michael’s court case is however set in the time of the Russian Mafia’s grip on Russia - and who know’s what will be dug up about him.

There’s a new book just been published about Michael Cherney and the Russian Mafia, titled “Mafia in Black” - a direct reference to Michael - his real name, and all his aliases translate to the western name “Michael Black”.

Michael Cherney ( aka Mikhail Chernoy ) is a Russian multi billionaire who now lives in Israel, having fled Russia in 1993 after making some powerful enemies.

You may have heard about Michael Cherney recently as he’s trying to sue his former business associate Oleg Deripaska. Oleg’s also a Russian multi billionaire - but he still lives in Russia, and he’s even richer than Michael!

I don’t think much of Michael’s chances of winning his court case as he’s trying to get it heard in London - despite the fact that neither of them live in the UK, and their companies are not located in the UK either.

The court case is about the ownership of some RusAl shares and it’s disrupting the IPO of Rusal.

This squabble is purely a Russian matter - and is something that should be settled in Russia - but Michael daren’t go back there!

Anyway it’s up to Michael to prove to the London court that they should hear the case - the judge who’s been assigned the case doesn’t seem convinced that it should be heard.

The next step is for the judge to say how much Michael will have to ante up should the case be accepted. We’ll know then if Michael is serious or not - he’ll have to produce the cash for the case to go ahead - or he’ll back down, having achieved his objective of disrupting the IPO of RusAl.

It’s an interesting situation - and I’ve created a page on Myspace covering the Michael Cherney lawsuit see what you think about Michael’s chances - and decide whether it’s just a ploy dreamed up by Michael’s public relations company - in order to disrupt the RusAl IPO and cause trouble for Oleg.

Could Michael Cherney be so cynical that he’d use his charity - The Michael Cherney Foundation to hamper Oleg Deripaska’s RusAl IPO?

Michael’s made it widely known though his network of self promotional websites that The Michael Cherney Foundation will receive 600 million dollars - should he win his court case against Oleg Deripaska - despite the fact that the case has little chance of even going to court.

Michael’s got a serious problem - he’s got a legal case he wants to bring to trial - but the case belongs in Russia - but Michael daren’t go back there as he made powerful enemies when he lived in Russia.

So Michael’s trying to get the case heard in London - despite the fact that neither he or Oleg live in the UK, and their companies are not located in the UK either.

It’s an interesting dilemma - and there’s an article covering the Michael Cherney London lawsuit see what you think about Michael’s chances - and whether it’s just a cynical ploy dreamed up by Michael’s public relations company - in order to cause trouble for Oleg’s RusAl IPO.