US EditionDutch Supreme Court rejects Russia’s final appeal in $50B Yukos case
The ruling ends a two-decade legal battle confirming Russia must pay former Yukos shareholders $50 billion for deliberate bankruptcy actions, with the award growing to over $65 billion including interest.
- The Dutch Supreme Court rejected a final appeal by Russia concerning a $50 billion arbitration award to Yukos shareholders, marking a conclusive end to the legal battle.
- Tim Osborne, CEO of GML, praised the ruling as a historic victory and emphasized the importance of enforcing the awarded amount against Russian state assets.
- The ruling maintained that Russia's actions against Yukos, including huge tax claims, were intended to bankrupt the company and silence its CEO.
- The court's ruling affirmed that no state, even one considered rogue like Russia, is above the law.
33 Articles
33 Articles
Russia must pay 50 billion US dollars of compensation to shareholders for the destruction of Yukos oil company.
Michael Khodorkovsky declared "his personal victory".
kreiszeitung.de
Russia had smashed an oil company for political reasons, and the shareholders went out empty, but they were entitled to compensation.
Russia had smashed an oil company for political reasons, and the shareholders went out empty, but they were entitled to compensation.
The Supreme Court of the Netherlands rejected Russia ' s cassation appeal and upheld the Amsterdam Court of Appeal ' s decision in the case of payment of $50 billion to former Yukos oil company shareholders, wrote AR.
Russia had smashed an oil company for political reasons, and the shareholders went out empty, but they were entitled to compensation.
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