Dutch Supreme Court Sends Decision in Yukos Case for Review | News from Germany about Europe | DW

The Supreme Court of the Netherlands on Friday, November 5, sent for reconsideration the decision of a lower instance on the proceedings in which the former shareholders of Mikhail Khodorkovsky’s Yukos oil company are trying to recover $ 50 billion from Russia. The case was sent to the court of appeal in Amsterdam, according to the decision of the highest court of the kingdom.

The decision of the Arbitration Court in The Hague in the case “YUKOS v. RF”

The Yukos affair began in 2003, when the company was accused of tax evasion. The co-owner of the company Mikhail Khodorkovsky and businessman Platon Lebedev were arrested and sentenced to imprisonment, Khodorkovsky was released in December 2013, Lebedev in January 2014. The company was declared bankrupt in 2007.

In July 2014, the Permanent Court of Arbitration in The Hague ordered the Russian Federation to pay the former main shareholders of Yukos – Veteran Petroleum Ltd., Yukos Universal Ltd. and Hulley Enterprises Ltd. – compensation in the amount of $ 50 billion. Moscow appealed the decision of the Hague Arbitration, but in February 2020, the Court of Appeal in The Hague ruled in favor of the majority shareholders of the oil company. In June 2020, the Supreme Court of the Netherlands accepted a complaint from Russia, which challenged the decision of the Court of Appeal. In December, the Armed Forces refused to suspend the litigation, prompting an outcry from the Russian justice ministry.

In addition, the ex-shareholders of YUKOS have appealed to the courts of a number of countries with a demand to seize their property. So, in June 2015, in France and Belgium, a security arrest was imposed on property, which the executors of the court decision considered Russian. And in May 2020, the ex-shareholders achieved the arrest in the jurisdiction of the Netherlands of alcohol brands belonging to Russia, but in October a court in The Hague lifted the arrest.

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