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First applications of property attachment filed within Yukos case - media

May 22, 2015, 14:22 UTC+3 BERLIN
In July 2014, the European Court of Human Rights (ECHR) ruled to award over €1.866 bln in compensation payments to former Yukos shareholders under their complaint filed against Russia
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The European Court of Human Rights (ECHR) in Strasbourg

The European Court of Human Rights (ECHR) in Strasbourg

© EPA/PATRICK SEEGER

BERLIN, May 22. /TASS/. Former shareholders of Yukos who are to receive around $50 bln from the Russian Federation pursuant to the decision by the Permanent Court of Arbitration in The Hague, applied to international courts on the issue of "attachment of the property of the Russian Federation," the Sueddeutsche Zeitung newspaper reported Friday.

"We have filed applications for serving of the sentence to Britain, France and the US," Tim Osborne, executive director of GML who represents the interests of former Yukos shareholders, was quoted as saying.

According to the paper, GML plans to do the same in the Netherlands, Belgium and Germany.

In July 2014, the European Court of Human Rights (ECHR) ruled to award over €1.866 bln in compensation payments to former Yukos shareholders under their complaint filed against Russia. The ECHR concluded that Russian courts had breached article 6 of the European Convention on Human Rights stipulating the right to a fair trial when they had examined Yukos taxation issues in 2000 because the company had not been given enough time to prepare for its defense.

Yukos oil giant was accused of tax crimes and declared a bankrupt by a Russian court ruling in 2006 while its assets were sold at auctions during the liquidation procedure.

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