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Author Topic: a piece of good news for the Kremlin - not so good for Yukos shareholders  (Read 1305 times)

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Offline msmobyone

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a piece of good news for the Kremlin - not so good for Yukos shareholders
« on: April 20, 2016, 09:31:27 PM »
A Dutch court has overturned an order that Russia pay $50bn (£29.5bn) to former shareholders of an oil company that was forcibly broken up in 2007.

http://www.bbc.com/news/world-europe-36090882

I wonder will Putin's - I'm wearing a watch 20-30 times my salary  - Press secretary be withdrawing his comments about biased Courts ?
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Offline AkMike

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Re: a piece of good news for the Kremlin - not so good for Yukos shareholders
« Reply #1 on: April 20, 2016, 09:45:40 PM »
It was also announce today that it'll be appealed..  Big Whoop.. Russia has already said that it doesn't have to abide by the ruling of International Courts.

It'll drag out for years.
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Offline msmobyone

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Re: a piece of good news for the Kremlin - not so good for Yukos shareholders
« Reply #2 on: April 20, 2016, 09:54:05 PM »
Quote from: AkMike on April 20, 2016, 09:45:40 PM
It was also announce today that it'll be appealed..  Big Whoop.. Russia has already said that it doesn't have to abide by the ruling of International Courts.

It'll drag out for years.

Actually, what they did was make a law that says they will ignore any international ruling that conflicts with national law

..

What IS the point of signing up to a club e.g ECHR/ UN and thumbing their rulings - yet influencing votes and even vetoing stuff that would make her actions illegal ?
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