More than 50,000 shareholders of Yukos may finally be able to receive some compensation for their losses after the last material creditor of the bankrupt Russian oil company was paid $850m by a Dutch subsidiary.

Moravel Investments, a subsidiary of GML - the former Yukos parent company - was paid almost $850m out of Yukos foreign assets held in Dutch subsidiaries and under Dutch law on March 14, after a Dutch court on March 6 held that it was a legitimate creditor.