Bloomberg | Keri Geiger:

Russian billionaire Dmitry Rybolovlev lost one path for recovering hundreds of millions of dollars he claims his art dealer swindled from him after a Singapore court ruled that the island-state isn’t the right place to hear the case.

Singapore’s Court of Appeal issued a stay to the lawsuit by companies controlled by Rybolovlev against Yves Bouvier, who helped the Russian fertilizer magnate build a collection of close to 40 works by da Vinci, Rothko, Modigliani, Klimt and Picasso. In its decision, the court sided with Bouvier, saying that Switzerland is “distinctly a more appropriate forum than Singapore for the determination of the parties’ dispute”… Read more

Image:  Dmitry Rybolovlev Photographer: Valery Hache/AFP via Getty Images