Through a series of judgments the Brussels Court of Appeal has put an end to YUL’s attempts to enforce the YUL Awards in Belgium and preclude it from seeking enforcement of the YUL Awards in the future on the Belgian territory.
The Russian Federation has filed its Defence on Appeal in the proceedings brought by Yukos Oligarchs at the Court of Appeal in The Hague.
The oligarchs have announced that they are abandoning all attempts in Belgium to enforce part of the $50 billion arbitral awards made in 2014, which were overturned by The Hague District Court in 2016.
Andrey Kondakov, Director General, ICLP
This ICLP site provides the information needed to understand the Yukos case in detail. It contains original court documents as well as first-hand accounts of how Yukos was managed, given by senior managers who worked in Yukos at the time.
It therefore reveals the facts behind the false evidence put forward by the Yukos oligarchs.
READ MORE ABOUT ICLPIn the arbitration the oligarchs claimed that Yukos was misappropriated by Russia in a politically motivated move. Russia believes the oligarchs illegally took control of Yukos through rigged auctions and corruption, then evaded billions in tax. Yukos failed when it didn’t pay the tax it owed.
Read more about court actions8 Aug 2016
Mr. Gololobov served as Yukos Deputy General Counsel and was a member of the Oligarchs’ inner circle from 1995 to 2004. He is the first key Yukos insider to come forward to speak in specific detail about the billion-dollar bribery scheme run by the Yukos oligarchs.
20 Apr 2016
The Dutch District Court in the Hague ruled that the panel of three arbitrators was wrong to consider itself to have jurisdiction in the case and threw out the $50bn awards in their entirety, awarding costs against the Yukos oligarchs.
29 Mar 2016
An interesting diagram portraying the way in which the Oligarchs transferred their shares in a number of complicated stages ultimately hiding their ownership.