Head of GML promised arrests of assets of the Russian Federation in the USA and Britain - ForumDaily
The article has been automatically translated into English by Google Translate from Russian and has not been edited.
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The head of the GML promised arrests of the assets of the Russian Federation in the United States and Britain

Following the arrest of Russian assets Belgian authorities и France to ensure lawsuits of the former shareholders of the company Yukos to Russia, the same can happen in the US and the UK.

This was stated by Tim Osborne, the head of Group Menatep Limited, representing the interests of the five major shareholders of Yukos, in a conversation with the BBC.

The freezing of Russian assets was made as a protective measure to secure the claims that GML filed in the courts in the United States, the United Kingdom, France and Belgium.

Belgium and France have already frozen for defensive purposes some assets so that they can be distributed among the claimants if their claims are met.

Similar actions, according to Osborne, can be expected in the United States and Britain.

Last year, the arbitration court in The Hague ruled that Russia should pay compensation to 52 billion dollars to former Yukos shareholders.

GML operates under the New York Convention. It is the main tool for the execution of such claims by ensuring the interests of the plaintiffs, if the arbitration decision is made in their favor.

The assets are frozen so that Russia, which will probably challenge the court decisions, could not use them, Osborne noted.

In the U.S. Yukos Russia US and UK At home
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