Former Yukos shareholders, in favor of which a year ago Arbitration in The Hague sought to Russia $ 50 billion, continue to search for Russian assets. After Belgium and France, they turned over the execution of decisions in London. But this procedure is more complicated and longer, the Russian Federation has at least the opportunity to respond to the request within two months. Further reduce the passions of the plaintiffs until yesterday’s promise not to touch the assets of the Russian state-owned companies, although the latter have already started to assess the risks.
The next hearing on the execution of the decision of arbitration in The Hague to recover from Russia $ 50 billion followed by Belgium and France, launched in the UK. Head of Group Menatep Limited (represented by the former owners of Yukos in The Hague) Tim Osborne said sputniknews.com, the plaintiffs appealed to the High Court in London, and “Russia has about two months to submit your review.” Hearing date will be set then. Tim Osborne said that, in contrast to France and Belgium, in London, “it is necessary to conduct a full trial before the seizure of assets”.
The British Embassy in Moscow clarified “RIA Novosti” that the notice of appeal to the English Court was sent to the Russian Foreign Ministry has on April 24th. The Foreign Ministry did not comment on the situation forwarded the issue to the Justice Ministry. They said that the official position is not yet ready, advised to request the government of the Russian Federation. The government has once again sent to the Foreign Ministry. On Saturday, President Vladimir Putin said that Russia does not recognize the jurisdiction of the Hague Court, since it is not a party to the European Energy Charter, will prove it, “the established order through judicial procedures.”
Bailiffs of Belgium and France have begun to search for the arrest of accounts and assets of the Russian Federation on the territory of their countries last week (see. “Kommersant” dated 19 June). Were arrested, including accounts of diplomatic missions of the Russian Federation, which are mainly in the Belgian bank ING, but some of them have already been defrosted. Belgian Foreign Minister Didier Reynders has promised to unlock the remaining accounts of the Russian Embassy in Belgium, as well as Russian permanent representative to the EU and NATO in the coming days. But the accounts of other Russian institutions, such as the French subsidiary of VTB, are arrested. The process of recognition of the Hague decision to initiate in US Court for the District of Columbia is waiting for confirmation of formal notice of the Russian side, and then the Russian Federation will be given a deadline for sending the revocation.
Partner of international law firm Baker & amp; Vladimir Khvalei McKenzie explains that in Belgium and France, the procedure of seizure usually occurs without notice. “A party wishing to enforce the decision of the arbitration, shall submit an application to the Supreme Court, which could review it without having to call and notify the defendant. If the court agrees with the requirements it imposes on the arrest of the assets of the defendant, who has the right to appeal this decision within 30 days,” – he said it. In England, he said, there are two possible options – to conduct hearings and without them, it is resolved by the court. “In this case, apparently, the judge decided that it was better to go on the procedure for the notification and conduct of the meeting”, – believes Mr. praise.
Tim Osborne in a conversation with Sputnik noted that the plaintiffs study information on Russian assets and in other countries, except Spain, China, Switzerland and Canada. However, the former owners of Yukos is not aimed at companies controlled by the Russian state, including “Gazprom” and “Rosneft”, searching and trying to arrest only the “assets directly owned by the Russian Federation.” Mr Osborne admitted that the seizure of the property of state companies – “time-consuming process in which you need to convince the court that Russia not only holds shares in these companies, but they are government agents.” Nevertheless, a number of state-owned companies have already begun to prepare for possible problems. So, the president of “Bashneft” (returned to the federal property in December 2014), Alexander Corsica instructed lawyers to assess the risks oil companies abroad in connection with the Yukos case.
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