Boxer Gassiev beats Lebedev to become IBF cruiserweight world champSport December 04, 0:47
Ukraine does not need position of president - TimoshenkoWorld December 03, 23:52
Russian Orthodox Church head arrives in France on pastoral visitSociety & Culture December 03, 23:45
Russia, Turkey should trade in national currencies, Erdogan told PutinWorld December 03, 23:43
Putin wishes success to Thailand's new kingRussian Politics & Diplomacy December 03, 21:08
Five gunmen killed in counterterrorism operation in Russia’s Dagestan - sourceWorld December 03, 21:07
Ukraine depends on coal from Donbass republics - deputy ministerWorld December 03, 19:32
Putin to be given gift of Akita-Inu puppy during his visit to JapanWorld December 03, 19:29
Azerbaijan’s security officers kill attempted suicide bomber in BakuWorld December 03, 18:04
THE HAGUE, April 20. /TASS/. Russia is not obliged to pay $50 billion in compensation to former shareholders of the Russian oil major YUKOS, the Hague district court has ruled.
The court found void six arbitration resolutions (three intermediate and three final, ones) made by the Permanent Court of Arbitration in the Hague.
Under the final resolutions Russia was expected to pay a compensation of $50 billion to three former YUKOS shareholders. Now, that the arbitration decisions have been found void Russia is not obliged to pay compensations to the plaintiffs.
"The Russian Federation was not bound by the provisional application of the arbitration regulations," according to the ruling. "The Tribunal wrongly declared itself competent in the Arbitration to take cognizance of the claims and issue the ensuing award."