At the same time, other complaints of the Russian Federation were rejected by the Supreme Court of the Netherlands .
The Dutch Supreme Court upheld part of the Russian appeal in a $ 50 billion arbitration against former shareholders of the Yukos oil company.
The court announced its decision on Friday, November 5, “Evropeyskaya Pravda” writes.
“The Supreme Court ruled in favor of the Russian Federation on one point. It considers that, for procedural reasons, the Court of Appeal in The Hague erroneously ignored the argument of the Russian Federation that the shareholders probably committed fraud in the arbitration procedure. Therefore, the decisions of the Court of Appeal cannot remain valid, “the message says.
At the same time, the Supreme Court of the Netherlands dismissed other complaints of the Russian Federation. This concerns, in particular, the complaints of the Russian Federation on the interpretation of the provisions of the agreement, on which the arbitration court substantiated its jurisdiction, and complaints that the arbitration court did not fulfill its mandate.
The Supreme Court sent the case to the Amsterdam Court of Appeal to consider and assess this issue.
- The Dutch Court of Appeal in The Hague ordered Russia to pay $ 50 billion to Yukos shareholders in February 2020.
- Russia filed an appeal with the Supreme Court of the Netherlands in May 2020.
- Russia's largest oil company was brought to bankruptcy in 2003, and its founder, Mikhail Khodorkovsky, who actively criticized the Kremlin, was sentenced to 13 years. The International Court of Human Rights ordered Russia to pay the former owners of Yukos 2 billion euros in compensation. However, Russia refused to comply with the verdict .
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