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Russia, the new ruling requires compensation to the former shareholders of Yukos 50 billion
An appeal court in the netherlands upheld the appeals of the shareholders of the former oil giant Yukos, encouraging their battle to get 50 billion dollars of compensation. The ruling comes nearly 14 years after Yukos declared bankruptcy. The court decided that the earlier ruling in favour of the Russian Federation is incorrect, then the claim of damages of 50 billion decided by the permanent Court of arbitration "is again valid".

In 2014, the permanent Court of arbitration (Pca) headquartered in The Hague ruled that Russia had to pay over 50 billion dollars in damages to the former shareholders of Yukos, a record sum for the international tribunal. According to the court, Moscow would have pushed deliberately the oil giant to bankruptcy through excessive fiscal pressure, and then selling its assets to public companies. In 2016, a local court in the netherlands reversed the decision of the Pca, arguing that it was not competent on the case. The shareholders then appealed, getting today the reversal of the judgment. In the case of a further appeal on the part of the Russian Federation, the dispute could now get up to the Dutch supreme Court.
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