The Netherlands’ top court ruled that shareholders in dismantled oil giant Yukos can continue to pursue Russia for $50 billion in compensation pending a final judgement in a long legal saga. The PCA ruled that Russia had forced Yukos into bankruptcy in the mid-2000s with excessive tax claims and then sold off its assets to state-owned companies. Russia was ordered to make the payout in 2014 by the Hague-based international Permanent Court of Arbitration, but has been challenging the case ever since through Dutch courts. “The Supreme Court’s decision means that the former shareholders can continue to enforce the arbitral awards pending its final judgment,” the Dutch court said.
