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2014-07-23 — bloomberg.com
Russia will discover next week how much it may be asked to pay for the confiscation a decade ago of Mikhail Khodorkovsky's Yukos Oil Co., then the country's biggest oil producer.
The Permanent Court of Arbitration in The Hague will rule on July 28 on a $103 billion damages claim the company's former owners filed against Russia in 2007. There's "very limited room" for appeal and Russia will resist paying, so any amount awarded would trigger a global legal battle to seize state property, including assets of OAO Rosneft (ROSN), which acquired most of Yukos in a series of forced auctions, Van Harten said.'' source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |