Dutch court upholds shareholder appeal in $50bn Yukos case

• "The Appeals Court in The Hague decided today that a previous ruling in favour of the Russian Federation was incorrect".

THE HAGUE: A Dutch court Tuesday upheld an appeal by shareholders of the dismantled Russian oil giant Yukos in a long-awaited ruling, boosting their fight in a $50 billion case for compensation.

"The Appeals Court in The Hague decided today that a previous ruling in favour of the Russian Federation was incorrect," the court said in a statement, adding an original $50 billion award by the Hague-based Permanent Court of Arbitration "is in force again".