‘Not binding for the court’ – Moscow slams Dutch court ruling that backed $57 billion settlement for Yukos gas empire oligarchs


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Russia has dismissed an opinion by the top adviser to the Supreme Court of the Netherlands, rejecting an appeal from Russian lawyers over $57 billion in damages awarded to former shareholders of the collapsed energy giant Yukos.

On Friday, Paul Vlas, the chief legal advisor to the court, issued an independent advisory opinion stating that the original ruling, which Russian lawyers describe as “non-binding.” It backed a previous decision which handed the colossal sum to oligarchs who lost cash when Yukos was bankrupted, should be upheld. The financiers behind the now-defunct firm say its assets were seized over an outstanding tax bill in a move that amounted to state appropriation.



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