French court: Rossiya Segodnya funds freeze over Yukos case unwarranted
MOSCOW, April 15 (RAPSI) – A court in Paris ruled that the freezing of Rossiya Segodnya information agency bank accounts in connection with the Yukos case was unwarranted, RIA Novosti reported on Friday.
“The judge in award enforcement action passed a judgment to remove attachment of funds on bank accounts of Rossiya Segodnya and RIA Novosti,” – the ruling reads, according to RIA Novosti.
The judge also dismissed the claim for damages submitted by Hulley Enterprises Limited and made it pay legal costs.
Representatives of Hulley Enterprises Limited immediately appealed against this ruling with the Paris Court of Appeal.
A tribunal for the Hague Permanent Court of Arbitration announced in July 2014 that it had issued awards in three cases filed against Russia. The tribunal ordered that Russia pay Yukos Universal Limited (Isle of Man) over $1.8 billion in damages. Hulley Enterprises Limited (Cyprus) was awarded about $40 billion, and Veteran Petroleum Limited (Cyprus) got over $8 billion. Russian authorities moved to set aside the ruling and turned to the District Court of The Hague.
In June 2015, funds in bank accounts of Rossiya Segodnya French office were frozen on request of a French court enforcement officer acting in accordance with the claim submitted by Hulley Enterprises Ltd representatives; however the assets were not transferred to former Yukos shareholders and remained frozen, since Russia Today challenged these actions in court.