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Sweden's Supreme Court Refuses to Review Decision on Ex-Yukos Shareholders' Case

© Sputnik / Vladimir Vyatkin / Go to the mediabankThe Yukos office building. (File)
The Yukos office building. (File) - Sputnik International
The Supreme Court of Sweden has refused to review the decision of the Svea Court of Appeals on the case of shareholders of now-defunct Russian energy company Yukos, Andrei Kondakov, the director general of Moscow-based International Center for Legal Protection, said Thursday.

MOSCOW (Sputnik) — The shareholders from Spain filed a lawsuit in 2007 claiming that their assets in Russia had been expropriated. In 2012, an arbitrary court decided to pay them a compensation. The Russian side had appealed against the decision and it had been overturned.

The Yukos office building. (File) - Sputnik International
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"The court has denied the request of Yukos minority shareholders' from Spain, represented by a group of investment funds, on review of the decision of the Svea Court of Appeals," Kondakov told RIA Novosti.

In 2003, Russian authorities accused the leadership of Yukos, once the largest oil company in the country, of economic crimes. A range of Yukos managers were convicted for fraud and tax evasion. Yukos was later declared bankrupt and the state-controlled oil company Rosneft bought the bulk of its assets.

Yukos' managers contended that the Russian government illegally forced the oil firm out of business and bankrupted it.

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