Court in The Hague obliges Russia to pay $ 50 billion in Yukos case

February 18 2020 25

On February 18, 2020, the Hague Court of Appeal (Netherlands) ordered Russia to pay $ 50 billion to former Yukos shareholders. The court upheld the complaint of the former shareholders against the decision of the Hague District Court, which overturned the decision of the International Arbitration (Arbitration Court) in The Hague. Now the Russian side is going to challenge the decision of the Hague Court of Appeal in the Supreme Court of the Netherlands. This is stated on the official website of the Ministry of Justice of Russia.

It should be noted that the former shareholders appealed to the International Arbitration (Arbitration Court) in The Hague in 2005. The said arbitration ruled that Russia should pay $ 50 billion to the former shareholders of Yukos, as the company was attacked in full for bankruptcy, seizing assets and removing Mikhail Khodorkovsky from political arenas of Russia. After that, Russia appealed the decision to the Hague District Court, after which the former shareholders appealed to The Hague Court of Appeal, which quashed the decision of the Hague District Court.

The Russian Justice Ministry believes that the Hague Court of Appeal has ignored the fact that the former shareholders of Yukos "were not bona fide investors." The ministry is confident that the control over the assets they obtained through a number of illegal actions, including through collusion and bribing officials. Moreover, the decision of the Hague Court of Appeal does not correspond to the position of the ECHR, which had previously rejected all charges of “political motivation” and “repressive nature” against Russia. Moreover, the Kremlin has not yet commented on this information.

This is new information, I don’t own it yet, so I can’t comment on it yet

- Press Secretary of the President of Russia Dmitry Peskov told reporters.

At the same time, some lawyers suggest that in the near future we should expect another series of arrests of Russian assets and property in other countries.

Peegmehh/wikimedia.org

Our news channels

Subscribe and stay up to date with the latest news and the most important events of the day.

VK Zen Telegram

Information

Dear reader, to leave comments on the publication, you must sign in.

BoBot Robot - Free Thinking Machine

+2

18 February 2020 15: 48

It’s time to send all international courts away and take away all assets from abroad!
1. BoBot Robot - Free Thinking Machine
  
  +2
  
  18 February 2020 18: 57
  
  All this sounds wild: it turns out that Russia, as a country, can be sued by a court of another dwarf state !! ??
  Let the shareholders go to Russia, and here they are suing! And we must CONSTITUTIONALLY refuse to recognize the decisions of foreign courts!
  1. German Germanov
    
    +2
    
    19 February 2020 13: 12
    
    We have been climbing towards them for so many years: well, take me. Now back ?! No, really! Let them choke on our money, we will earn more! Or maybe they will appreciate it?
    1. BoBot Robot - Free Thinking Machine
      
      -1
      
      20 February 2020 12: 16
      
      Not a ride - you have to fight!
Marzhecki

+1

18 February 2020 17: 01

Quote: BoBot Robot - Free Thinking Machine
It’s time to send all international courts away and take away all assets from abroad!

And how do you imagine these assets?
1. BoBot Robot - Free Thinking Machine
  
  -1
  
  19 February 2020 12: 05
  
  Money, stocks, real estate!
  1. German Germanov
    
    +1
    
    19 February 2020 13: 03
    
    Smiled - real estate, stocks, and especially MONEY.
    1. BoBot Robot - Free Thinking Machine
      
      -1
      
      20 February 2020 12: 17
      
      If none of this exists, then there is nothing to fear!
steelmaker

-2

18 February 2020 17: 13

TAAAK. "Extras went." FANS OF PUTIN, your answer to this news. I have no bile - one MAT !!
Igor Pavlovich

-2

18 February 2020 18: 15

These are trifles - only $ 350 from everyone who considers himself a Russian (to babies too) ...
1. BoBot Robot - Free Thinking Machine
  
  0
  
  18 February 2020 18: 58
  
  Well stole Yukosoid!
  1. Arkharov
    
    -1
    
    19 February 2020 14: 27
    
    Only, it seems, not "Yukosoids". Have you heard of London?
    1. BoBot Robot - Free Thinking Machine
      
      -1
      
      27 February 2020 23: 40
      
      We robots, non-drinkers, we are battery powered!
Panting

0

18 February 2020 20: 16

And the muzzle will not crack from such appetites?
1. BoBot Robot - Free Thinking Machine
  
  +2
  
  18 February 2020 23: 59
  
  Do not crack - checked!
123

0

18 February 2020 20: 22

Is it worth worrying about each interim solution? We will wait for the final decision. By that time, it turns out that according to changes in legislation, the decision of this court cannot be implemented, as it does not comply with the Constitution of the Russian Federation. Not only do we have assets abroad, but there are also enough investments in Russia. At the slaughterhouse, ears are already being harvested from the deceased donkeys for an adequate response.
monman

+1

18 February 2020 20: 24

I would like to clarify / supplement / add:

https://www.bbc.com/russian/news-51536374

... The last stage of the battle for compensation began in 2014, when, after a 10-year trial, the international arbitration in The Hague ruled that the actions of the Russian authorities in the bankruptcy of the company were tantamount to expropriating investments, including international ones.

... On July 28, 2014, arbitration in The Hague awarded plaintiffs a record compensation of $ 50 billion. In January of the following year, the Russian Ministry of Finance announced that it had sent three applications to the Hague District Court with a request to cancel the arbitration decision. Russia insisted that this decision went beyond the jurisdiction of the court. Former Yukos shareholders alluded to the Energy Charter Treaty, which Russia has not ratified. This agreement provides for the protection of the rights of foreign investors. Russia promised to abide by it if it does not contradict Russian legislation. However, the trial court concluded that the contract does not violate Russian laws anyway.

The Hague Court of Appeal has now ruled that it has jurisdiction over compliance with the Energy Charter Treaty, since Russia signed it, although it did not ratify it, which means it has undertaken to temporarily apply this treaty, unless it violates Russian law. "According to the court, there are no contradictions with Russian law," the decision says.

We now intend to implement this decision in different countries where there are assets of the Russian state, and the arrest and seizure of these assets worth more than $ 50 billion, "Nevzlin told RBC. In his opinion, this could take up to 10 years or more.
1. 123
  
  0
  
  18 February 2020 23: 46
  
  I would also like to add a little:
  
  Annex 1 to the Final Act of the Conference on the European Energy Charter
  Section 26. Settlement of Disputes between an Investor and a Contracting Party
  
  (1) Disputes between a Contracting Party and the Investor of the other Contracting Party regarding the Investment of the latter in the Territory of the former, which relate to allegations of violation of an obligation under Part III of the former Contracting Party, shall be resolved, if possible, in a friendly manner.
  
  (2) If such disputes cannot be resolved in accordance with the provisions of paragraph (1) within three months from the date when one of the parties to the dispute requested a friendly resolution, An investor that is a party to a dispute may, at its option, transfer it for resolution:
  
  (but) to the courts or administrative tribunals of a Contracting Party that is a party to the dispute;
  
  http://docs.cntd.ru/document/499060547
  
  Highlighted in bold text. Russia is the contracting party to the dispute; therefore, the proceedings must take place in a court or administrative tribunal in Russia.
  This "trial" has nothing to do with the observance of the law and international treaty. In fact, this is an attempt to extend its jurisdiction not to the territory of Russia.
  Another pressure tool. As a result, the aggravation of relations is inevitable. We will have to firmly defend our interests, as a response only the seizure of assets in Russia is possible. There is no other choice.
  1. monman
    
    +3
    
    19 February 2020 01: 15
    
    I am not an international lawyer, I can operate information from free sources within the mind of a pensioner. We wrote that Yukos Russia expropriated for tax evasion, although the owners of Yukos argued that they paid all taxes. By the way - Yukos was sold at auction to a company that was created 24 hours before the auction. What I want to say is that this was not a dispute between investors,
    
    If such disputes cannot be resolved in accordance with the provisions of paragraph
    
    это было
    
    .. violation of the law of Russia by the company.
    
    as the Russian court interpreted this, or racketeering by the Russian government, as investors interpreted it.
    And the defeat of Yukos began after Yukos announced that he would build some kind of pipeline much cheaper than the Sechin company and would sell gasoline 2 times cheaper than the Sechin company. This is where it all started ...
    But I repeat once again - my judgment is from foreign media info, including Russian ones.
    1. 123
      
      -1
      
      19 February 2020 10: 01
      
      We wrote that Yukos Russia expropriated for tax evasion, although the owners of Yukos argued that they paid all taxes. By the way - Yukos was sold at auction to a company that was created 24 hours before the auction. What I want to say is that this was not a dispute between investors,
      
      I think you are right, it is not a matter of paying taxes, if you remember, Al Capone sat down for tax evasion. In my opinion, Khodorkovsky has gone too far and has lost touch with reality. He felt huge wings behind him and decided that he could do anything. As far as I imagine, he had exorbitant ambitions, he swung the whole country. And how he went to this, here, almost at the scene, the opinion is somewhat different from what you write.
      
      This year, a bust was opened to Petukhov in the center of Khanty-Mansiysk.
      
      And quite rightly, the dispute between the investor and the state is not the point here. Moreover, no matter what it was
      
      violation of the law of Russia by the company, as the Russian court interpreted it, or racket by the Russian government.
      
      - This is not the competence of the Netherlands.
      
      And the defeat of Yukos began after Yukos announced that he would build some kind of pipeline much cheaper than the Sechin company and would sell gasoline 2 times cheaper than the Sechin company. This is where it all started ...
      
      I understand that this is information from the media - Khodorkovsky, who is building a pipeline and selling gasoline at half the price, sounds like fantasy. Firstly, Khodorkovsky was not seen in altruism. I remember those "funny" times, then all kinds of initiative comrades thought of only one thing, how to grab more, the time of "easy money" and the redistribution of property, with shootings and so on. Secondly, the population of Nefteyugansk is now 127 thousand people, the entire Khanty-Mansiysk district is slightly more than 1,5 million people, while even less. It just so happened, here they made aviation kerosene on the spot, almost no gasoline was produced, mostly it did, and now it comes from Omsk, there is a large oil refinery. You can try on your own to compare the sales market and the costs of building a pipeline through swamps in permafrost conditions, the distance only in a straight line is more than 700 km .. And after that, selling gasoline is 2 times cheaper? This is definitely not about Khodorkovsky.
Sergey Latyshev

+2

19 February 2020 09: 14

And how our media patriots boasted that the court was canceled, there was no need to pay, we won all, etc.

It turns out that they lied again .....

By the way, how’s Khodorkovsky who stole everything, but in general a bandit with serial killers under the command ???
Someone released it, sort of? Or maybe, like a serial killer, in a jail until now?
Dedok

+2

19 February 2020 09: 35

Why are you surprised? Pay us with you. And about tax evasion and other things: ALL of today's oligarchs and the hedgehog with them practiced it, bribed officials, killed unwanted people, engaged in racketeering, did not pay salaries, etc. etc.
Therefore, questions to managers / lawyers: when the size of their salaries and bonuses float to the network, then the media write what is justified, and when they "crap" they are somehow silent, and where is the regression to their actions? Why don't they drive you "vzasha"?
So - we pay.
Roarv

0

19 February 2020 23: 13

It’s not cheaper to declare a hunt for this initiator of Hodor, with delivery to the crime scene, he committed himself not to engage in any activity against the Russian Federation .....
How many comers opened their jaws for free from the Russian Federation.
shadow

-1

20 February 2020 02: 01

))))))

https://www.russiapost.su/archives/202997

Carefully...
gore

0

20 February 2020 07: 00

This bacchanalia will continue for another 15 years, and then they will forget ...