YUKOS appeals ECHR ruling overlooking political bias in its bankruptcy
MOSCOW, December 21 - RAPSI. YUKOS has appealed at the court's Grand Chamber the recent decision of the European Court of Human Rights, which failed to recognize political motivation behind the events resulting in its bankruptcy, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com) on Wednesday.
However, in its ruling, the court said Russia violated several articles of the European Convention on Human Rights while hearing YUKOS disputes in commercial courts.
Meanwhile, the court did not recognize any political bias in the trials.
YUKOS claimed from Russia about $98 billion in damages for its former shareholders. The court postponed the hearing on YUKOS' claim for three months, arguing that the parties may reach a settlement on the amount of damages. As the judgment has been appealed, the compensation issue has been delayed indefinitely.