The Russian government is waking up to the reality of having to hand over $50 billion worth of assets to the former shareholders of oil giant Yukos, according to details that emerged in a U.S. court this week by DavidGDawkins
Following a series of rulings that have gone both ways, in February the Hague Court of Appeal in the Netherlands reinstated a 2014 decision to award former shareholders $50 billion, overturning a decision in 2016 from the Hague district court to set the awards aside. In an effort to collect some of the $50 billion, lawyers for the former shareholders are seeking to acquire assets held by Russia in the U.S.— via a U.S. court case....
Tim Osborne, chief executive of GML Limited, the former shareholders’ new holding company, said: “As long as the Russian Federation defies the international courts that have found it liable, we will seize Russian state assets in accordance with the law. The attachment of the trademarks in The Netherlands is just the start.”
The dispute between Putin and Khodorkovsky began in 2003, after Khodorkovsky famously argued with Putin at a televised meeting at the Kremlin, implying that major government officials were accepting millions in bribes. This week, in the D.C. court, the Russian government argued that the “risk” that Russian assets seized by the former Yukos shareholders never being returned to the government if the Dutch Supreme Court overturns the $50 billion award is “exacerbated” by what they describe as “the Russian Oligarchs’ money-laundering activities,” seeming to suggest that the former Yukos shareholders are well versed in hiding assets once they have acquired them, making them impossible to be reclaimed....
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Putin Vs. The Oligarchs: Russia Is Fighting A $50 Billion Payout In U.S. CourtThe Russian government is waking up to the reality of having to hand over $50 billion worth of assets to the former shareholders of oil giant Yukos, according to details that emerged in a U.S. court this week.
Lire la suite »
Putin calls fuel spill unprecedented for Russia, Greenpeace sees $1.4 billion damagePresident Vladimir Putin said on Friday the scale of the clear-up operation after a huge fuel spill in the Arctic was unprecedented for Russia, with Greenpeace estimating the environmental damage to waters in the region at $1.4 billion.
Lire la suite »
Putin Vs. The Oligarchs: Russia Is Fighting A $50 Billion Payout In U.S. CourtThe Russian government is waking up to the reality of having to hand over $50 billion worth of assets to the former shareholders of oil giant Yukos, according to details that emerged in a U.S. court this week.
Lire la suite »
Putin calls fuel spill unprecedented for Russia, Greenpeace sees $1.4 billion damagePresident Vladimir Putin said on Friday the scale of the clear-up operation after a huge fuel spill in the Arctic was unprecedented for Russia, with Greenpeace estimating the environmental damage to waters in the region at $1.4 billion.
Lire la suite »
Late Show Hosts Expose The Big Problem With John Bolton’s Tell-All Trump Book'There’s no one to root for in a Trump vs. Bolton fight. They’re both megalomaniacs, sociopaths looking out for themselves.'
Lire la suite »