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.
Berset discusses ECHR climate ruling implementation at Davos
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Switzerland has submitted a report on the court's ruling in Strasbourg. Berset told Justice Minister Beat Jans that the Council of Europe is reviewing it.
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A 27-year-old ski tourer has died in the hospital in Sion, in southwestern Switzerland, after being caught in an avalanche on Saturday.
Swiss health minister criticises Trump’s ‘rash’ WHO exit
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Switzerland has expressed “deep” regret over Trump’s decision to withdraw from the WHO, Swiss Health Minister Elisabeth Baume-Schneider said in Davos.
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Job vacancies in Switzerland fell by 10% in 2024, marking the first negative annual balance since the Covid-19 pandemic, says Adecco.
Swiss president meets Zelensky in Davos amid tensions with Europe
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Swiss President met Zelensky at Davos. As Zelensky thanked Switzerland, Keller-Sutter said it's too early to discuss a new summit, awaiting Trump's actions.
Basel diocese files five claims of sexual abuse in Swiss Catholic Church
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The diocese of Basel has received 141 reports of sexual abuse since the publication of a sweeping study on violations in the Catholic Church by the University of Zurich in 2023.
Swiss president calls for open markets and stable institutions in WEF speech
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Swiss President Karin Keller-Sutter was among speakers at the WEF in Davos to make the case for fair competition, a day after Donald Trump became the 47th president of the United States.
Swiss film in competition at the 75th Berlinale has a shot at Golden Bear
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The feature film La Cache by Lausanne screenwriter and director Lionel Baier has a chance of winning the Silver or Golden Bear at the 75th Berlinale, festival organisers said on Tuesday.
Swiss politician who shot at image of Jesus resigns from Liberal Green Party
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Sanija Ameti, who caused controversy after shooting at an image of Jesus and Mary last September, has resigned from the Liberal Green Party.
Swiss campaigners gather enough signatures to submit ‘responsible business’ initiative
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The Swiss people are set to vote again on the corporate responsibility of multinationals after campaigners collected 183,661 signatures in 14 days for their new 'responsible business' initiative.
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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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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.