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Spanish companies appealed against Swedish court’s ruling in favor of Russia in Yukos case

February 15, 21:46 UTC+3 STOCKHOLM
The Svea Court of Appeal pronounced the decision on January 18, 2016, recognizing that Spanish companies have no right to compensation in this case
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© Fyodor Savintsev/ITAR-TASS

STOCKHOLM, February 15. /TASS/. Spanish stock companies - holders of Yukos depositary receipts filed an appeal within the framework of the dispute with Russia against the decision of the Svea Court of Appeal binding them to compensate legal fees to Russia and pay $3 mln, the Court told TASS on Monday.

"We received an appeal from Spanish companies and sent it further to the Supreme Court of Sweden," the representative of the Svea Court of Appeal said.

The Supreme Court of Sweden should initially decide whether this appeal is accepted for consideration.

Four Spanish investors GBI 9000 SICAV S.A., ALOS 34 S.L., Orgor de Valores SICAV S.A., and Quasar de Valors SICAV filed a lawsuit against Russia after bankruptcy of Yukos company to Stockholm arbitration and demanded compensations.

The Svea Court of Appeal pronounced the decision on January 18, 2016, recognizing that Spanish companies have no right to compensation in this case.

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