European Court rules in favor of former Russia oil Company

[JURIST] The European Court for Human Rights (ECHR) [official website] on Thursday ruled [judgement, PDF] that Russia must pay &#8364 1.87 billion (USD $2.51 billion) to the former owners of the now defunct Russian oil company Yukos to compensate for unfair tax proceedings. The ECHR ruling comes three years after the court first found that Russia violated the company's rights [JURIST report] by forcing it into liquidation. While the penalty is the largest payout ever awarded by the ECHR [Wall...

Source: http://jurist.org/paperchase/2014/08/european-court-rules-in-favor-of-former-russia-oil-company.php

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