The Dutch Supreme Court rejected Russia's Yukos case. This is reported on the website of the instance.
“In the case between the Russian Federation and three (former) shareholders of the Yukos oil company, the Supreme Court today rejected the Russian Federation's motion to suspend the execution of judgments on Yukos arbitration. In the 2014 arbitration awards of the Russian Federation, it was ordered to pay about $ 50 billion in compensation for the failure to protect the interests of these shareholders in the Yukos oil company, ”the statement said.
Oral debates on the main case will take place in early 2021.
Earlier, the Russian Ministry of Justice said that the Court of Appeal in The Hague ordered Russia to pay the former shareholders of Yukos $ 50 billion by its decision.In 2014, the International Arbitration Court in The Hague ruled to recover more than $ 50 billion from Russia in favor of the former shareholders of Yukos in the case of damages as a result of forced bankruptcy … RF challenged the court decision. On April 20, 2016, the District Court of The Hague overturned the decision of the International Court of Arbitration, stating that the arbitral tribunal in The Hague had no jurisdiction over the Yukos case.
On May 15, the Ministry of Justice announced that Russia had appealed to the Supreme Court of the Netherlands against the decision of the Hague Court of Appeal in the Yukos case. The ministry spoke about four arguments on which the position of the Russian Federation in the cassation appeal is based.
