The court of Paris rejected the claim of the former shareholders of YUKOS to halt construction of the Russian center

The court of Paris rejected the claim of the former shareholders of YUKOS to halt construction of the Russian center

PARIS, January 30. The court of Paris refused to consider the request for suspension of construction works in the French capital for the Russian cultural centre, delivered by lawyers “Hally Enterprises limited”. As can be seen from his ruling, that a Cyprus registered company, representing the interests of former shareholders of the oil group YUKOS, demanded the immediate cessation of construction work under threat of penalties.

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The members of the Paris Court of major jurisdiction, as it is called here the courts at the departmental level, said that it was not in their competence to make such decisions and referred the plaintiffs to the judge in Executive acts. Rejecting the claim on procedural grounds, they at the same time ordered the company “Halli Enterprises limited” to pay €7.5 thousand of Russian Federation and the French construction firm Bouygues (“Bouygues”) as compensation for their court costs and to pay the costs incurred by the court.

The construction of the Russian spiritual and cultural center is in the VII district of Paris on the Quai Branly near the Eiffel tower. It will include an Orthodox Church, a Seminary, a library, and a center for meetings of representatives of the Russian community and acquaintance of Parisians on Orthodox culture. In addition, it should open a Russian-French school.

Claims on the estate of the Russian Federation advocates “Hally Enterprises limited” has put forward with reference to the decision of the arbitration court in the Hague on the suit of the former shareholders of YUKOS. The Russian side has expressed categorical disagreement with this decision the Hague court, which did not possess this jurisdiction. YUKOS has reminded Russian officials, have committed large-scale tax evasion.