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Author Topic: Yukos 50 billion usd ruling overturned  (Read 283 times)

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Online msmoby

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Yukos 50 billion usd ruling overturned
« on: April 20, 2016, 10:18:04 PM »

Court overturns Russia's $50bn Yukos shareholder payout

The Hague's Permanent Court of Arbitration (PCA) ruled in 2014 that Russian officials had manipulated the legal system to bankrupt Yukos, and jail its boss Mikhail Khodorkovsky.
But The Hague District Court said the PCA had no jurisdiction in the case.
The former shareholders behind the suit vowed to appeal against the decision.