ALBANY – A billion dollar international lawsuit involving dramatic allegations of strong arm tactics, corrupt foreign courts and a complicated scheme to steal a Siberian oil field is headed for trial in Manhattan after the state’s highest court reinstated the action in a key statute-of-limitations decision.
The Court of Appeals’ holding in Norex Petroleum v. Blavatnik, 121, gives a Canadian oil company a chance to civilly pursue two Russian nationals living in New York, and several foreign corporations allegedly under their control, in a long-running battle over a lucrative oil field in western Siberia.
