Sunday, March 7, 2010

Strasbourg Court Opens Yukos Hearings

The European Court of Human Rights opened hearings on the $100 bln claim brought by former executives of Russian oil giant Yukos on the company's behalf against Russia for abusing legal proceedings in order to destroy the company and expropriate its assets. Russia argues that the executives do not represent Yukos shareholders and that essentially the same claims of a major Yukos shareholder are already being heard in a Hague arbitration tribunal.

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