Insolvency & Restructuring, Netherlands updates

 
Amsterdam Court of Appeals denies recognition of Yukos bankruptcy based on public order exemption
Freshfields Bruckhaus Deringer LLP
  • Netherlands
  • 15 September 2017

The Amsterdam Court of Appeals recently ruled that the 2006 Russian liquidation order regarding OAO Yukos Oil Company is contrary to Dutch public order and therefore null and void. The court's reasoning was largely based on a 2014 European Court of Human Rights judgment following a complaint lodged against Russia by the former Yukos shareholders with regard to Yukos's liquidation.

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