Moscow hopes The Hague Court will rule in Russia's favor in Yukos case

April 19, 2016 Interfax
Bailiffs acted based on the decision made by the Belgian Court of Arbitration on 18 July 2014 to a claim by shareholders in the former oil company Yukos for 1.6 billion euros. Source: Vladimir Vyatkin / RIA Novosti
The Hague Court examined Russia's complaint against an arbitration ruling compelling it to pay $50 billion in damages to former Yukos shareholders in February. Source: Vladimir Vyatkin / RIA Novosti

Moscow hopes the decision expected to be made on April 20 by a court in The Hague at Russia's complaint against an arbitration ruling compelling it to pay $50 billion to ex-Yukos shareholders will be in Russia's favor, according to the International Legal Defense Center, which represents Russian interests in the case.

"We believe we have a good case with solid legal arguments. A lot of new information was provided to the court and we hope the court will prove much more perceptible to the Russian arguments than the arbiters - of whom there were just three - who made the decision [on the payments]," the Center's chief Andrei Kondakov told Interfax on April 19.

"Tomorrow we will find out all this," he added.

Earlier Kondakov said that on February 9 The Hague Court examined Russia's complaint against an arbitration ruling compelling it to pay $50 billion in damages to former Yukos shareholders and set April 20 as the date for its decision.

Sweden delivers judgment in favor of Russia in dispute with Yukos holders>>>

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