Dutch court voids YUKOS bankruptcy in Netherlands (Godfrey et al. v Rebgun et al. - judgment (355622 / HA ZA 06-3612))
Article from: TDM 1 (2009), in Investor-State Disputes - International Investment Law
Introduction
A Dutch court nullified on October 31 2007 all decisions taken by the Russian receiver of bankrupt oil firm YUKOS related to the company's Dutch assets. The court said receiver Eduard Rebgun, who had replaced the management of Dutch-based YUKOS Finance BV and put all assets, worth about $2 billion, up for sale, had no right to do so and all his actions should be reversed.
"Russian bankruptcy of YUKOS was not in line with Dutch principles of law," the court said in its ruling, adding it could not recognise the bankruptcy or Rebgun's rights as a caretaker.