Russia had challenged whether a Geneva arbitration court was competent to hear the case brought by the financial arm of Yukos, an independent Russian oil firm that was dismantled and absorbed by the state-held Rosneft.
The court rejected that argument, which was predicated on Russia’s parliament having ultimately rejected the energy charter treaty that governs cross-border energy trading and investments.
The verdict was handed down by the Federal Court in August but could only be published on Monday.
The case was but one part of a vast legal saga concerning the dismantlement of Yukos.
Kremlin critic
The company broke up in the early 2000s after the arrest of its former owner, the Kremlin critic and ex-tycoon Mikhail Khodorkovsky, and Rosneft came away with most of its assets following a murky auction process.
Khodorkovsky had become a vocal critic of Russian President Vladimir Putin, spent a decade in jail before he was pardoned in 2013 and allowed to go into exile. He lives in Britain.
A case brought by Yukos investors has been bouncing around the Dutch courts, with the supreme court last year scrapping an order for Russia to pay $50 billion and sending it back to lower courts.
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Leading Russian opposition figures criticise Switzerland
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They accuse the country of still hiding behind neutrality and granting Putin’s confidants too many loopholes.
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The Ethos Foundation recommends that shareholders vote against all compensation-related items at the Annual General Meeting on March 7.
Top Swiss firms close to reaching gender quota in boards
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The proportion of women on the boards of directors of the fifty largest listed companies in Switzerland currently stands at 28%.
Swiss committee wants to end government resignations during legislative term
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Members of the Federal Council should no longer be able to leave office before the end of their term, according to a House of Representatives committee.
Swiss government seat: Ritter and Pfister nominated to succeed Amherd
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Markus Ritter from St Gallen and Martin Pfister from Zug were officially nominated by the Centre Party on Friday to succeed Defence Minister Viola Amherd.
Top Swiss court rejects Russian request for administrative tax assistance
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There is currently no reason to transmit banking information to the Russian Federation, the Swiss Federal Court has ruled.
After strike by radiologists, doctors demonstrate in Bern
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Following a strike by radiology technicians in Fribourg, doctors, vets, dentists and chiropractors expressed their frustration on Friday outside parliament in the Swiss capital.
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Leonid Nevzlin: ‘Swiss Banks must choose – money or decency’
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Former energy magnate Leonid Nevzlin on western sanctions against Russia and Switzerland's role in the war against Ukraine.
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The visa allows him to travel freely within the 26-nation Schengen area, which includes Switzerland and much of the European Union, but not Britain. Citing data and privacy protection, the embassy provided no further information. The 50-year-old Kremlin critic, whose wife and children live in Switzerland, flew to Berlin on December 20, hours after being…
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