Businessman Kuzmichev lost the court on the disclosure of his addresses in France

The French regulator considered the disclosure of the addresses of the house and villa of the Russian businessman “proportionate” to the circumstances ” alt=”Businessman Kuzmichev lost the lawsuit on the disclosure of his addresses in France” />

Alexey Kuzmichev

The Supreme Court of France dismissed the claim of the Russian businessman, co-founder of Letter One and Alfa Group; Alexey Kuzmichev, who disputed the publication by the country's authorities of data on the location of his house in Paris and a villa on the Riviera, Bloomberg reported.

In March, Kuzmichev came under EU sanctions, which include an asset freeze and an entry ban. After that, the businessman's property was frozen, and the addresses of his house and villa were made public.

Kuzmichev said that the publication of this information endangered the life of his family, and demanded that the decree issued by the French authorities in April be suspended. This document provided for the publication on the Internet of real estate addresses of businessmen from Russia.

A French court dismissed Kuzmichev's claim, stating that the French privacy regulator recognized such publications as “proportionate”; circumstances. It added that the disclosure of information about the property will avoid its lease or sale under a private agreement between companies in the form of shares.

RBC sent a request to Letter One.

In late February, the European Union imposed sanctions against a number of Russian businessmen, including against the co-owners of Letter One, Mikhail Fridman and Petr Aven (they later challenged this decision in court). In mid-March, some other Russian entrepreneurs also came under EU restrictive measures, including the co-founders of Alfa Group; German Khan and Alexey Kuzmichev.

Read on RBC Pro Pro Three Useful Exercises to Help Defeat Shyness Instructions Pro Russian consultants separated from global offices: what does it give them Articles Pro Why import substitution can bring Russia to the top of the cloudiest countries reality: how startups are trying to “flavor” the metaverse Kuzmichev, together with his partners, left the number of beneficiaries of Alfa-Bank. Entrepreneurs also left the board of directors of Letter One.

In the ranking of the richest Russians, according to Forbes, Kuzmichev takes 20th place. The publication estimates his fortune at $6 billion.

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