A court in Paris has ordered Ukraine to pay another $ 112 million to a Russian company
A court in Paris has ordered Ukraine to pay another $ 112 million to a Russian company
© nvdaily.ru
The case stretches back to 2008.
Ukraine ordered to pay $ 112 million and the interest of the Russian company “Tatneft”. This decision was made by the court of Appeal of Paris, said in a statement.
The case stretches back to 2008, when the Russian company filed a lawsuit against Ukraine. In 2010, the Tribunal confirmed the existence of its competence to hear the dispute.
In 2014 the Hague international arbitration court ruled in favor of Russian companies, but Ukraine appealed to the court of Appeal of Paris. The Ukrainian side said that the Tribunal had no competence to hear the dispute, and one of the arbitrators did not meet the requirements of independence and impartiality.
November 29, 2016, the court of Appeal of Paris rejected both the claim of Ukraine. In “Tatneft” we hope the decision will be implemented voluntarily .
“If this does not happen, “Tatneft” intends to take all available legal action for the recovery of Ukraine the appropriate means”, – is spoken in the company message.
Russian firm sues Ukraine over “Ukrtatnafta” – this company was established in 1994 on the basis of the Kremenchug refinery. 18,296% stake in the refinery belonged to the structures close to “Tatneft”, 28,7788% – the Ministry of property of Tatarstan.
See also: “Ukrtatnafta” has completely passed to Ukraine
Then the company had new shareholders and the resulting litigation, the share of Tatarstan shareholders of the company was practically zero. Tatneft said about the violent seizure of the company and filed a lawsuit against Ukraine on the basis of the Russian-Ukrainian agreement on protection of investments, signed in 1998.
Recall that in 2014, PJSC “Ukrtatnafta” has expressed its willingness to compensate the state for all costsassociated with payments in accordance with the decision of the Hague international court of arbitration.