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#YvesBouvier vindicated in Monaco over #Rybolovlev affair

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The Monaco Court of Revision has today (8 July) confirmed the decision of the Monaco Court of Appeal (December 12, 2019) to cancel all criminal proceedings against Swiss art dealer Yves Bouvier (pictured). This decision puts an end to the legal & media battle initiated in Monaco in 2015 by the Russian oligarch Dmitry Rybolovlev against Yves Bouvier.

This is a moment of significance for Bouvier: “It is a total and definitive victory in Monaco. For the past five years, I have been claiming my innocence, and today I have been vindicated by the Monaco courts. I am happy, after five years of legal battles organized by Mr. Rybolovlev and [his lawyer] Tetiana Bersheda, that the Monaco justice system cancelled all proceedings against me. Today’s decision shows that money does not buy the courts and that corruption has no place in the Principality."

Brossolet, the lawyer for Bouvier, said that: "Rybolovlev has not won a single lawsuit against Bouvier, in any jurisdiction, for the five years since his campaign began. The reason is very simple: Bouvier has always respected the law and the binding nature of his contracts. Rybolovlev’s attacks have never had anything to do with Bouvier's business as an art dealer. Rybolovlev had clear ulterior objectives: firstly to artificially depreciate the value of his art collection as part of his divorce proceedings; secondly to punish Bouvier for refusing to take part in the bribery of judges in Switzerland, again to aid with his divorce; and thirdly to jail Bouvier in order to snap up his Singapore free port, and its technology, and use this to build his own similar facility in Vladivostok."

Rybolovlev is now the subject of three criminal investigations for corruption and abuse of justice in relation to his attacks on Bouvier, in Monaco, France and Switzerland. On 28 May 2020, the Monaco justice system rejected all eight appeals filed by Rybolovlev and his lawyer Tetiana Bersheda to nullify these criminal investigations. Bouvier was advised by a team of lawyers in Monaco, France, Switzerland and the United States, made up of Luc Brossollet, Charles Lecuyer, David Bitton, Frank Michel, Alexandre Camoletti and Daniel W. Levy.

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