Russia’s Justice Ministry to Appeal Dutch Verdict in Yukos Case
Russia’s Justice Ministry said on Tuesday it would appeal a Dutch court’s decision to overturn the annulment of a $50 billion award to shareholders in the now defunct Russian oil giant Yukos in the Supreme Court of the Netherlands. In April 2016, The Hague’s District Court had overturned a decision …
Dutch Appeals Court Reinstates $50 Billion Award for Yukos Shareholders
A Dutch appeals court on Tuesday overturned a lower court’s annulment of a $50 billion award to shareholders in the now defunct Russian oil giant Yukos. In April 2016, The Hague’s District Court had overturned a decision by the Permanent Court of Arbitration ordering the Russian state to compensate shareholders …
Russia Examines Brussels’ Legal Move to Seize State Assets
The Kremlin said on Thursday it was carefully examining moves to seize Russian state property in Belgium to cover a court settlement compensating shareholders in now defunct oil company Yukos. One Russian government minister said such moves would be unfriendly and another said they would be illegal. An international arbitration …
Russia Examines Brussels' Legal Move to Seize State Assets
The Kremlin said on Thursday it was carefully examining moves to seize Russian state property in Belgium to cover a court settlement compensating shareholders in now defunct oil company Yukos. One Russian government minister said such moves would be unfriendly and another said they would be illegal. An international arbitration …
Rosneft Reaches Agreements with Yukos Partners
Rosneft and a group of its subsidiaries including Samaraneftegaz, Tomskneft and Angarsk Petrochemical Company reached a dispute disposition agreement with Yukos Finance B.V., Yukos Capital sarl, Stichting Administratiekantoor Yukos International, Stichting Administratiekantoor Financial Performance Holdings, Consolidated Nile, LP, General Nile, LLC, Yukos International (UK) B.V., Luxtona Limited, Financial Performance Holdings …
Amsterdam District Court: Yukos Has Legitimate Compensation Claim Against Rosneft
The district court in Amsterdam has ruled the compensation claim by Yukos International, once part of Russia’s biggest oil company, is legitimate. The firm is asking Rosneft for $333 million to cover losses incurred by the arrest of its accounts in 2008. “As for the amount [of compensation – Ed.], …
Sistema’s Chairman, Vladimir Yevtushenkov, Under House Arrest
Russian investigators said on Tuesday they had placed the chairman of conglomerate Sistema under house arrest, accusing him of money-laundering in a move the head of an industrialists’ group condemned as being politically motivated. The charges against Sistema’s Vladimir Yevtushenkov were made in connection with the acquisition of shares in …