It was determined in the court ruling issued on Wednesday that the Hague-based Permanent Court of Arbitration had no jurisdiction in the case in which four Yukos shareholders were demanding compensation from the Russian state for crippling tax demands made on the company.
"The court quashed the judgments by the international arbitrators on the ground that they had no power to intervene in these matters as arbitrators," the ruling, cited by Reuters, stated.
However,
