It appears you have not registered with our community. To register please click here ...

!!

Welcome to Russian Women Discussion - the most informative site for all things related to serious long-term relationships and marriage to a partner from the Former Soviet Union countries!

Please register (it's free!) to gain full access to the many features and benefits of the site. Welcome!

+-

Author Topic: Dutch Court seizes assets re Yukos shareholders claim  (Read 336 times)

0 Members and 1 Guest are viewing this topic.

Online msmob

  • Hero Member
  • *****
  • Posts: 10022
  • Country: ie
  • Gender: Male
  • Spouse's Country: Russia
  • Status: No Selection
  • Trips: > 10
Dutch Court seizes assets re Yukos shareholders claim
« on: May 19, 2020, 03:26:08 AM »
http://meduza.io/en/news/2020/05/18/dutch-court-seizes-local-rights-to-stolichnaya-and-moskovskaya-vodkas-to-repay-russia-s-debt-to-former-yukos-shareholders

Dutch court seizes local rights to ‘Stolichnaya’ and ‘Moskovskaya’ vodkas to repay Russia’s debt to former Yukos shareholders

I wonder what Dutch firm ( that has done nothing wrong )will suffer for this action ... ?

We'll be back, EU ..and as a certain 'gentleman' couldn't accept my offer to 'bury the hatchet' .. Don't trust a clueless Californian 'business owner' who cannot even quote me, honestly ..

Offline Shadow

  • Hero Member
  • *****
  • Posts: 8905
  • Country: nl
  • Gender: Male
    • Family Fireplace
  • Spouse's Country: Russia
  • Status: Married > 10 years
  • Trips: > 10
Re: Dutch Court seizes assets re Yukos shareholders claim
« Reply #1 on: May 19, 2020, 08:07:11 AM »
Both brands were already pretty hard to find, only some specialty stores carried it. And those who want the original can still cross the border to Germany (though carefully currently) to buy them half price.
No it is not a dog. Its really how I look.  ;)

Offline Boethius

  • Hero Member
  • *****
  • Posts: 2013
  • Country: 00
  • Spouse's Country: No Selection
  • Status: No Selection
  • Trips: No Selection
Re: Dutch Court seizes assets re Yukos shareholders claim
« Reply #2 on: May 19, 2020, 09:41:17 AM »
I disagree with this decision.  A bunch of oligarch thugs who eliminated their competition, and refused to pay taxes, had their assets taken back by the Russian state.  In my view, that's just.  Courts should be applying the clean hands doctrine, although I know it doesn't apply in civil law jurisdictions.


This post was composed without the aid of google.
True love begins when nothing is looked for in return.  Antoine de Saint-Exupery

Online msmob

  • Hero Member
  • *****
  • Posts: 10022
  • Country: ie
  • Gender: Male
  • Spouse's Country: Russia
  • Status: No Selection
  • Trips: > 10
Re: Dutch Court seizes assets re Yukos shareholders claim
« Reply #3 on: May 21, 2020, 11:34:19 AM »
Boethius,

I doubt that MK acquired his wealth in the Yukos group by being angelic .

The charges and evidence were found to be politicised in a Arbitration Court that the Kremlin had agreed to be bound by and then ..when they lost.. made any confiscation of assets to be 'rewarded' with a counter seizure in Russia .. for which there is no legal merit .. just the reaction of petulance



We'll be back, EU ..and as a certain 'gentleman' couldn't accept my offer to 'bury the hatchet' .. Don't trust a clueless Californian 'business owner' who cannot even quote me, honestly ..

Offline Boethius

  • Hero Member
  • *****
  • Posts: 2013
  • Country: 00
  • Spouse's Country: No Selection
  • Status: No Selection
  • Trips: No Selection
Re: Dutch Court seizes assets re Yukos shareholders claim
« Reply #4 on: May 21, 2020, 12:36:02 PM »
The Russian government did not ratify the treaty under which the arbitration proceeded.  Furthermore, the intention of the treaty at issue is to protect international investors, not domestic shareholders.  For these thugs to use Western courts is a travesty of justice.



This post was composed without the aid of google.
True love begins when nothing is looked for in return.  Antoine de Saint-Exupery

Offline Shadow

  • Hero Member
  • *****
  • Posts: 8905
  • Country: nl
  • Gender: Male
    • Family Fireplace
  • Spouse's Country: Russia
  • Status: Married > 10 years
  • Trips: > 10
Re: Dutch Court seizes assets re Yukos shareholders claim
« Reply #5 on: May 21, 2020, 01:14:04 PM »
The Russian government did not ratify the treaty under which the arbitration proceeded.  Furthermore, the intention of the treaty at issue is to protect international investors, not domestic shareholders.  For these thugs to use Western courts is a travesty of justice.



This post was composed without the aid of google.
Note that they used the Dutch court system, as there *may* be some bias at work.  While in general the Dutch courts are reliable and impartial. in cases like this where it seems very much a 50/50 decision, the personal prefernc of the judges might play a role.
No it is not a dog. Its really how I look.  ;)

Online msmob

  • Hero Member
  • *****
  • Posts: 10022
  • Country: ie
  • Gender: Male
  • Spouse's Country: Russia
  • Status: No Selection
  • Trips: > 10
Re: Dutch Court seizes assets re Yukos shareholders claim
« Reply #6 on: May 21, 2020, 10:40:45 PM »
The Russian government did not ratify the treaty under which the arbitration proceeded.  Furthermore, the intention of the treaty at issue is to protect international investors, not domestic shareholders.  For these thugs to use Western courts is a travesty of justice.




Hmm,

Let's deal with some of the cases, one at a time .. Are you saying the ECHR had no 'right' to rule on the cases brought before it, despite the RF losing an appeal against the award made to the Shareholders who were successful in being allowed to bring a case?   

"Russia failed to strike a "fair balance" in its treatment of Yukos Oil Company."   The award was 'only' 1.87 Billion Euro - not the c.38 Billion sought ( plus the RF was instructed to pay costs of 300,000 Euro)

We'll be back, EU ..and as a certain 'gentleman' couldn't accept my offer to 'bury the hatchet' .. Don't trust a clueless Californian 'business owner' who cannot even quote me, honestly ..

 

+-RWD Stats

Members
Total Members: 8778
Latest: WilliamIntak
New This Month: 14
New This Week: 2
New Today: 0
Stats
Total Posts: 514367
Total Topics: 19934
Most Online Today: 1705
Most Online Ever: 12701
(January 14, 2020, 07:04:55 AM)
Users Online
Members: 25
Guests: 1680
Total: 1705

+-Recent Posts

Re: Replacing RBG by BillyB
Yesterday at 10:42:09 PM

Re: 2019 - nCoV (novel coronavirus originating in Wuhan, China) by BillyB
Yesterday at 09:45:15 PM

Re: Replacing RBG by GQBlues
Yesterday at 08:56:33 PM

Re: Replacing RBG by BillyB
Yesterday at 08:49:47 PM

Re: Replacing RBG by BillyB
Yesterday at 08:33:49 PM

Re: Replacing RBG by GQBlues
Yesterday at 08:25:37 PM

Re: Replacing RBG by fathertime
Yesterday at 07:41:28 PM

Re: Replacing RBG by GQBlues
Yesterday at 06:42:42 PM

Re: Replacing RBG by msmob
Yesterday at 05:45:57 PM

Re: Living in LA by msmob
Yesterday at 05:21:07 PM

Powered by EzPortal