Arrest of Russian property in France lifted as part of Yukos case
MOSCOW, October 10 (RAPSI) – Ex-owners of Yukos have announced withdrawal of all claims seeking enforcement of a ruling issued by the Permanent Court of Arbitration in The Hague, which means lifting the seizure of Russian property in France, the press-release of the International Centre for Legal Aid reads on Tuesday.
According to the press-release, France is the last country, where arrests of Russian property in relation to Yukos lawsuits were lifted. At the moment all enforcement proceedings against Russia, initiated by the company’s former owners were postponed or cancelled. At the same time, the legal dispute in The Hague continues.
In July 2014, the Permanent Court of Arbitration ordered Russia to pay former shareholders of Yukos about $50 billion in compensation. This decision was overruled by the District Court of The Hague in April 2016. Now, the dispute will be reviewed by The Hague Court of Appeal.