“Today the Supreme Court quashed the appeal court’s final judgement as well as the court’s preceding judgement,” the Supreme Court said in a statement on Friday, noting that the case would be referred to the Amsterdam Court of Appeal for “renewed judgement.” The judges contended that Russia had acceptable grounds …
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An international legal battle over the collapsed Yukos oil empire has been raging for more than a decade in courts across the world, most notably in the Netherlands and the US. A record-breaking $57 billion legal bill now hangs in the balance. Former shareholders in the now-defunct company accuse the …
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Hearings as part of the $50 billion case began at the Supreme Court in The Hague on Friday, with lawyers for the Russian government seeking to overturn a Dutch tribunal’s previous decision to hand damages to the business’ ex-shareholders. Yukos’ former owners say the company’s assets were confiscated in what …
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The case, part of a protracted 15-year legal battle brought by the oligarchs, won’t be reviewed until 2022, or until a parallel judgement is settled at the Supreme Court of the Netherlands. Dutch courts previously awarded $50 billion in damages to former investors in the company, believed to be the …
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The decision of the Hague court on payment of $50 billion to shareholders once the largest private company entails not only financial but also reputational losses. The decision of the Hague court of appeal in YUKOS, which obliges Russian government to pay shareholders of this once one of the largest …
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