AMSTERDAM – The Dutch Supreme Court on Nov. 5 overturned a $50 billion arbitration award Russia was ordered to pay former shareholders of now defunct oil producer Yukos and returned the case to a lower appeals court in the Netherlands.
Reuters: Dutch court overturns $50 billion award to former Yukos shareholders
(L-R) Judges I. Kroft, D. Aarts and H. Hofhuis wait prior to the civil case of the Russian Federation against Yukos Universal in the court of The Hague on Feb. 9, 2016.
