00{12.1
Devaluation of shares
40. Regarding
the devaluation of the Applicant's shares, the documents on
file,
particularly copies of the balance sheets, show that their value dropped by One billion
eight hundred and twenty-one million fifty-five thousand six hundred and sixty-nine
(1
,821,055,669) CFA Francs for COMON SA, and One hundred and thirty-nine million
four hundred and seventy-one thousand and twentythree (13g,471,023) cFA Francs
for SOCOTRAC SARL.
41.1n order to grant the applicant company payment for the entire drop in its shareholding
in sovtransavto-Lugansk, the European Court in its judgment in the matter
of
Sovtransavto Holding v. Ukraine7 held that although it cannot speculate on what the
outcome of the trialwould have been had the State complied with its obligations under
Article 1 of Protocol No. 1, it will in determining the remedy take into account the
situation of the Applicant whose right to a fair trial has been violated.
42. Drawing from the afore-cited judgment, and since the devaluation of the Applicant's
shares is related to the drug trafficking case and the violations of his right to a fair trial,
the Court grants him reimbursement of the entire loss recorded, namely, One billion
nine hundred and sixty million five hundred and twenty-six thousand six hundred and
ninety-two (1,960,526,692) CFA Francs as reparation.
(b) Prejudice arising from the loss of business opportunities in the oil
sector
43.The Applicant submits that, from the beginning of 2016, in partnership with GRoUp
PLILIA Ltd, he undertook a series of negotiations and initiatives for the purpose of
7ECHR, SovtransavtoHoldingu.tJkraine,ApplicationNo.4S553/gg.Judgmentof
02/10/2003,gg55and
57. ln that case, the European Court had taken into account the interventions of the president oiUt<raine
in the judicial proceedings and other procedural violations in determining the amount of compensation.
/^\ \r
5__
'd*'€
.--r''
e_