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Dutch court quashes $50 bn award by Russia to Yukos claimants


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A Dutch court on Wednesday quashed a 2014 ruling by an international tribunal which had ordered Russia to pay $50 billion in damages to the former shareholders of the bankrupt Yukos oil company. "The Hague District Court has reversed the awards of the international arbitrators on the grounds that they lacked jurisdiction to arbitrate the cases," it added in its written decision.

 

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