Wednesday, April 1, 2015

“Rosneft” and “Yukos” unexpectedly today announced the termination of litigation – Ekho Moskvy radio station


 Parties renounced all mutual claims, courts and pledged not to make accusations in the future about the bankruptcy and liquidation of Yukos. In this case, the agreement does not provide for any payment by Rosneft or its subsidiaries. The news of the termination of litigation between the former shareholders of Yukos and Rosneft many initially perceived as a joke. Remembering that a number on the calendar. But it turned out, all seriously. First reported by the Rosneft. A company spokesman Mikhail Leontiev in an interview with “Echo of Moscow” settlement agreement confirmed. However, the details did not go.

 Information on the settlement of disputes by the parties should confirm two Dutch companies, which represent the interests of former Yukos shareholders. There is especially emphasized that an agreement concluded with Rosneft does not affect the proceedings with Russia. By decision of the Court of Arbitration in The Hague and the European Court of Human Rights in Strasbourg, the Russian authorities are obliged to pay the former shareholders of the oil company, Mikhail Khodorkovsky, respectively $ 50 billion and nearly 2 billion euros. The Russian Ministry of Finance has challenged that decision. At the conclusion of an agreement with Rosneft Yukos consider the possibility of success in the courts, financial victory, as well as legal costs associated with the ongoing process, explained RBC representative of the group Yukos Claire Davidson. In turn, the former bankruptcy trustee Edward Rebgun oil company in the air Echo suggested that the settlement of disputes between Rosneft and former Yukos shareholders relating to local disputes between the companies.

 A number of major litigation between the former shareholders of Yukos and Rosneft has already ended. Other ongoing. Now, these claims seem to withdraw. This is particularly the case for trial in the United Kingdom. There Yukos Capital Rosneft requires the payment of interest on the debt absorbed her Yuganskneftegaz 5 billion rubles. Claims are also in the courts of Russia, the Netherlands, the United States. In contrast to our country in France, Switzerland or Holland former shareholders previously been able to defend its interests. And the legal authority to recognize the illegal actions against Yukos and its employees. Since last fall, the Supreme Court affirmed the right of the French former Yukos shareholders to recover from Rosneft 7 billion rubles. Not counting the fact that five years ago, Rosneft has already paid to the former shareholders of almost 13 billion rubles. After the international commercial arbitration and the courts of the Netherlands to satisfy the claim for the recovery from the Russian monopoly on the debts of Yuganskneftegaz. However, the amount that Yukos received from Rosneft in previous processes, the current agreement does not affect.

 The onset of the Russian authorities to “Yukos” began in 2003. A number of employees of the company and its managers and owners were subsequently arrested. Of the oil company no longer exists.

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