On 15 May 2020, the Russian Federation submitted to the Dutch Supreme Court (“DSC”) an appeal in cassation against the Judgment of The Hague Court of Appeal (“CoA”) in Yukos proceedings, initiated by its majority shareholders, which directed the Russian Federation to pay US$ 57 billion in compensation for alleged damages.
The Russian Federation will vigorously appeal the decision of The Hague Court of Appeal to reinstate the annulled arbitration awards in favour of the former majority Yukos shareholders, which had held the Russian Federation liable for US$50 billion in damages plus interest.
Yukos Awards have nothing to do with the Energy Charter Treaty (ECT). It is a Russian tax dispute between Russian nationals and the Russian Federation concerning Russian tax assessments against a Russian company (Yukos Oil) that the Russian Oligarchs owned and controlled. If the Yukos Awards would be valid and enforceable, the integrity and credibility […]
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.
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.
20 Oct 2015
Gitas Anilionis began working for Mr. Lebedev as an assistant on 1990 and moved through the ranks within a joint venture called SP Russian Trust and Trade (RTT). He describes how RTT was instructed to execute a series of transactions transferring ownership or Yukos to offshore companies.