The company Group Menatep Limited (GML) represents the interests of the shareholders of the former Yukos began a campaign to arrest of Russian property in the notice of $ 50 billion, the group awarded by the arbitral tribunal The Hague. As before, GML is going to foreclose on the property of the Russian Federation in Europe and the United States. Lawyers are not too optimistic, because there are real prospects of recovery only in the property, which is not covered by diplomatic immunity and is not at this state-owned assets. This is with reference to the head of Group Menatep Limited Tim Osborne informs German edition Sueddeutsche Zeitun.
The company representing the rights and interests of the former Yukos shareholders initiate the arrest of Russian assets in the countries of Europe and America. The goal – to regain the debt of $ 50 billion.
Let us remind that the arbitration court of The Hague has already acknowledged the existence of the debt. Today, as before, GML wants to return the claim to property belonging to Russia. The company is going to act in the European countries and the United States. But to date, the company’s lawyers are not very optimistic. They explain that really can only recover the property, which has no diplomatic immunity, and does not belong to the assets of state-owned companies.
The head of GML Tim Osborne said that the lawyers have demanded that the US, Britain and France assist them enforcement of judgments and the recovery of the debt. Also identified is the Russian property, which is located in the Netherlands and Belgium. And soon lawyers plan to begin such work in Germany. They have until the end of May should apply to the Regional Court of Berlin, to obtain confirmation of the decision of the court there.
While the company itself is not commenting on its activities. But people close to the leadership of GML, reported that at this stage the lawyers have appealed to the Foreign Ministry of the United States, Britain and France in order to obtain confirmation that Russia made aware of the legal process. After that, the course will claims for enforcement of a judgment and arrest of Russian assets.
Russia refuses to comply with Court’s judgment and to repay debts. Therefore, the company is forced to go to such measures, – confessed to the head of GML. Also, this is the first time in history, when some private investors, rather than a large company, the state requires a large compensation.
It should also be recalled that the Hague court last summer found guilty of violating the Russian Energy Charter and assignment of Yukos assets. Russia ordered to pay 50 billion dollars. Russia does not agree and is trying to appeal the decision.
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