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Telegraph: Former Yukos shareholders to sue Russia in US court for USD 50 bln

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Telegraph: Former Yukos shareholders to sue Russia in US court for USD 50 bln

Post by Admin on Fri Jul 03, 2015 4:39 pm

If successful, bank accounts and property belonging to the Russian government in America could be seized

Russian government property in the United States could be seized after former shareholders of the Yukos oil company sought recognition of a multi-billion dollar compensation award in US courts.

Former shareholders in Mikhail Khodorkovsky's defunct oil company are seeking recognition in the US of a USD 50 bln award of damages from the Russian government, issued by the Permanent Court of Arbitration in the Hague last year.

If successful, the case could oblige US authorities to freeze Russian government-owned assets, including bank accounts and real estate....................

Read further at link: telegraph.co.uk


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