| Author (Person) | Belton, Catherine |
|---|---|
| Series Title | Financial Times |
| Series Details | 21.9.11 |
| Publication Date | 21/09/2011 |
| Content Type | News |
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The European Court of Human Rights ruled in September 2011 that Russia did not misuse its court system in a politically-motivated attack to destroy Yukos, once the country’s biggest producer, and deferred a ruling on the company’s claims for a record $98bn in damages. The long-awaited ruling on the 20 September 2011 appeared to hand a victory to the Russian government in its battle against claims that the $33bn in back tax charges it levied - which led to Yukos’ bankruptcy - was part of a politically motivated campaign to expropriate the company. But former Yukos executives insisted that the court’s discovery of procedural violations handed them a 'significant victory'. In the case of OAO Neftyanaya Kompaniya YUKOS v. Russia, the Court held that there had been no misuse of legal proceedings to destroy the YUKOS oil company, but found violations of its human rights. The case concerned the tax and enforcement proceedings brought against YUKOS, which led to its liquidation. |
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| Countries / Regions | Russia |
