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 Zeitung
Osborne said that at the moment for the execution of a judgment lawyers has demanded that the United States, France and Britain. In addition, “identified” for the recovery of the property in the Netherlands and Belgium. Mr Osborne said that in the coming months will develop activity and stockholders in Germany before the summer they intend to apply to the Regional Court of Berlin for the confirmation of the decision.
The GML promptly refused to comment on the situation, but the source of “Interfax”, close to the company says that GML asked the Ministry of Foreign Affairs United States, France and Great Britain for confirmation that Russia was informed about the legal process, after which the company will submit claims to the courts of the three countries on the implementation of the decisions of the Hague Court and the freezing of assets.
The head of GML said that the shareholders had to take this step because of the fact that Moscow refuses to comply with the judgment in The Hague. It is noted that this case – the first in history when private investors request from States such a large sum in compensation.
Recall that in July 2014 the Hague tribunal found Russia guilty of violating the Energy Charter and the expropriation of Yukos assets. Countries are obliged to pay the former shareholders of $ 50 billion, but the government of the Russian Federation appealed against the decision.
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