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. Last Updated: 07/27/2016

Judge Throws Out Freeze on Chigirinsky

LONDON -- A London court Thursday lifted an order blocking Sibir Energy owner Shalva Chigirinsky from selling any of his stake in the company.

Sibir investor Harley Street Capital won an injunction against any sale of the shares in April after bringing a claim against the management of the London-based oil producer.

Justice Peter Smith on Thursday struck out the lawsuit at the High Court, calling it "an abuse of the process."

The dispute centers on the dilution of Sibir's stake in an oilfield venture with Roman Abramovich's Sibneft.

Sibir, which is currently suing Sibneft and Abramovich in a British Virgin Islands court to try to reclaim its interest in the venture, had argued that the Harley Street proceedings were a "nuisance action" without any merit.