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The Hague court versus The Hague court
20.04.2016
Russia won an important victory in the legal field. The Hague district court relieved Russia from the obligation to pay $50 billion of compensation to former YUKOS shareholders.
The judgment of The Hague district court on the case of former YUKOS shareholders may be appealed against, but it is highly unlikely to be revoked, partner of YUST Law Firm, expert on international law Alexander Bolomatov told TASS information agency. He described the decision of The Hague court as unique. “The average statistics for such decisions is one in a few years. I think it will be included into many textbooks on international arbitration”, he mentioned. “Substantially today’s decision of The Hague court is very correct and fair.”, the lawyer is convinced. “I am glad that it was made. This is a completely lawful decision. It might not have been made only in one case - as a result of political put-up job. And the fact it was made is an example of rule of law”.
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Russia won an important victory in the legal field. The Hague district court relieved Russia from the obligation to pay $50 billion of compensation to former YUKOS shareholders. The judgment of The Hague district court on the case of former YUKOS shareholders may be appealed against, but it is highly unlikely to be revoked, partner of YUST Law Firm, expert on international law Alexander Bolomatov told TASS information agency. He described the decision of The Hague court as unique. “The average statistics for such decisions is one in a few years. I think it will be included into many textbooks on international arbitration”, he mentioned. “Substantially today’s decision of The Hague court is very correct and fair.”, the lawyer is convinced. “I am glad that it was made. This is a completely lawful decision. It might not have been made only in one case - as a result of political put-up job. And the fact it was made is an example of rule of law”.
Read more
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