Mikhail Prokhorov, Russia's second richest man, agreed to purchase Villa La Leopolda in Villefranche-sur-Mer, Alpes-Maritimes, France in 2008 from Lily Safra for £360 million and put down his 10% deposit - so far so good. However the oligarch backed out of the deal amid conflicting reports that he was concerned about the recession (others claim its was over a change in the estate's sale price!).Prokhorov went to court last year to try to recover his ten per cent deposit, however, under French property law, once a sale contract has been signed, a deposit can only be refunded during a seven day 'cooling-off' period. 
Photo by CHRIS230***
Photo by CHRIS230*** 
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