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Weekend Reads: IOUKOS: The Dutch Supreme Court cancels the condemnation of Moscow

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Justice, Ioukos, Moscou, Cour suprême © Manuel Cohen / Manuel Cohen / Manuel Cohen via AFP Justice, Ioukos, Moscow, Supreme Court

L A condemnation of Moscow to pay $ 50 billion in compensation To the ex-shareholders of Ioukos was canceled, Friday, 5 November by the Dutch Supreme Court. The former oil giant is in the heart of a judicial arrest since the arrest of his former boss, Mikhail Khodorkovski , oligarch and declared enemy of the Kremlin.

"The Supreme Court has annulled the final judgment of the Court of Appeal" which ordered the payment, she stated in a statement, adding that the case had to be returned to the Court of Appeal of Amsterdam for a new judgment. Accused by the ex-shareholders of orchestrated the dismantling of Iukos for political reasons, the Russia had initially been ordered to compensate them in 2014 by an international jurisdiction located in The Hague.

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Ioukos was the first Russian black gold producer

The Permanent Court of Arbitration (CPA) felt that the ex-shareholders deserved compensation for the dissolution of Ioukos after the arrest in 2003 of Mikhail Khodorkovski. Moscow refused to pay and fought in the Netherlands courts in the last seven years to obtain the cancellation of the judgment. The Supreme Court stated that it has ruled in favor of Russia on one point, under a procedural issue, which means "the judgments of the Court of Appeal can not be maintained."

Ioukos, which was the first Russian black gold producer, was founded in the 1990s after the fall of the USSR. Businessmen, including Mr. Khodorkovski, have amassed fortunes by acquiring the low price of Soviet assets, especially in the commodity sector, while the country was immersed in a deep crisis. Ioukos has been sold to cut, between 2004 and 2006, largely to the Russian Public Oil Group Rosneft. Gracted in December 2013 by Russian President Khodorkovski lived since exiled and is not part of the case.

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to read also Mikhail Khodorkovski, a Russian fate

The Ioukos affair is widely regarded as the moment when Vladimir Putin has put in step the great Russian oligarchs, whose influence on the political system has had its peak under Boris ELTSINE. GML, which brings together the ex-majority shareholders of Ioukos, believes to have the right to compensation for the losses caused by the dissolution of the oil giant.The legal saga Ioukos far from being completed

The CPA has given them right in 2014 and their Allocated a record sum in the history of the jurisdiction, founding its decision on a multilateral agreement dating from 1994, the Treaty of the Energy Charter. But in a surprising turnaround, a Dutch court annulled the decision in 2016, claiming that the CPA was "not competent" to rule, for Moscow signed the treaty, but did not ratify it.

A Dutch court of appeal then recovered in 2020 the initial sentence, subsequently giving rise to a Russian call to the Supreme Court. Last April, the principal legal counsel of this body recommended the rejection of this call. After the judgment of the Dutch Supreme Court Friday, the legal saga Ioukos is therefore far from over.

and even if the ex-shareholders get a day -lling day, they will have to be patient because it would probably be necessary to go through judicial proceedings to seize Russian assets in several countries, including the United States , the Kingdom -UNI and the Netherlands, to see the color of the $ 50 billion. These procedures have already started by the input in 2020 assets in the Netherlands of two emblematic brands of Russian vodka, Stolichnaya and Moskovskaya. The decision of the Supreme Court could fuel the climate of tension between the Hague and Moscow, whose relations suffer from several cases disputed before the courts.

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Head to Netflix, stat. As soon as December hits, the only thing you want to do is curl up on your couch with a plate full of festive treats and feel-good Christmas movies on the silver screen. But, as you well know, as the days pass by, you may start to feel as though you've watched every Christmas movie possible — both new releases and beloved classics. So, when the inevitable happens (or when you simply don't have two hours to watch a movie in full), press play on these Christmas-themed TV shows to keep the holiday spirit alive. Since it can be tricky to nail down the specific made-for-TV moments that capture the Christmas magic, we've rounded up some of the very best episodes from Christmases past that embrace all that the cheery season brings — ugly sweaters, festive jingles and awkward family dinners.

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