Amsterdam court says Yukos compensation claim legitimate

2015/02/11
Reuters/Sergei Karpukhin

"As for the amount [of compensation – Ed.], the judge ruled that the issue should be considered separately," as TASS quotes a court representative. The verdict was sent to the parties in writing.


Yukos International is seeking compensation $333 million in damages, plus costs and interest from February 7, 2011 from Russian state-owned Rosneft. The company claims it suffered damage as the court in Amsterdam ordered its bank account seized in 2008, which was linked to the bankruptcy of parent Yukos and its liquidation.


The first legal hearing took place in summer 2012, with Rosneft filing for the suit to be withdrawn in the fall.


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