PARIS, 10 Oct â€” RIA Novosti, Victoria Ivanova. The former majority shareholders of Yukos withdrew claims about the arrest of Russian assets in France, according to a communiquÃ© of the company GML (was majoritarian).
“Former shareholders to concentrate their efforts on the current procedure in the court of Appeal of the Hague. In the Netherlands, the former majority shareholders intend to continue to defend the arbitration decision on collecting from Russia of 50 billion dollars”, â€” said the company.
According to the Director of the GML Tim Osborn, “the pursuit of the execution of the decision in France does not represent more economic interest.”
In July 2014 the court of arbitration in the Hague unanimously upheld the claim of the former shareholders of Yukos and ordered Russia to pay 50 billion dollars. Moscow filed a complaint, but the shareholders appealed to the courts of some countries, demanding the arrest of the Russian property.
In June of the following year in France and Belgium for Russian assets (real estate and Bank accounts of companies) seized.
In April 2016, the Hague regional court quashed the decision to recover $ 50 billion, explaining that the case is not in the competence of local arbitration. After that, courts in Paris and Brussels took arrests.