Dutch court upholds $50-bn payment award in Yukos case
A Dutch court quashed an appeal by Russia in a record $50-billion case Tuesday, paving the way for a payment to former shareholders of dismantled oil giant Yukos. Russia took the decision to the Dutch courts, with Supreme Court judges eventually in 2021 shunting the case back to a lower ranking appeals court on procedural grounds, for another round of hearings.
A Dutch court quashed an appeal by Russia in a record $50-billion case Tuesday, paving the way for a payment to former shareholders of dismantled oil giant Yukos. Russia took the decision to the Dutch courts, with Supreme Court judges eventually in 2021 shunting the case back to a lower ranking appeals court on procedural grounds, for another round of hearings.
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