DUTCH COURT UPHOLDS APPEAL DEMANDING COMPENSATION FROM RUSSIAN STATE
Written by thereachfm on February 19, 2020
A Dutch court has upheld an appeal by shareholders demanding billions of dollars in compensation from the Russian state for breaking up the once-mighty Yukos oil company.
The Appeals Court in The Hague said a previous Dutch court ruling in favour of the Russian state was incorrect.
Tuesday’s ruling restores the original fifty billon dollars compensation award, made by the Permanent Court of Arbitration.