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In The News

5 Nov 2021

Dutch Supreme Court Quashes the Yukos Case Judgments of The Hague Court of Appeal

Today the Dutch Supreme Court quashed the judgments of The Hague Court of Appeal on the $50 billion case of the former Yukos Oil majority shareholders against the Russian Federation.

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In The News

19 Sep 2021

The High Court of Justice of England and Wales Refuses to Grant the Yukos Oil Company’s Former Majority Shareholders a Leave to Appeal

  On 14 September 2021, the English High Court rejected the Yukos Oil Company’s former majority shareholders’ request for permission to appeal the Court’s 14 April decision, which continued the stay of the proceedings in England.

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In The News

2 Sep 2021

Court of Justice of the EU renders an important judgement relevant for the Yukos cassation proceedings initiated by the Russian Federation at the Dutch Supreme Court

  On 2 September 2021, the Court of Justice of the European Union (“CJEU”) delivered the final judgement in The Republic of Moldova v. Komstroy case.

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In The News

1 Aug 2021

The Divided PCA Arbitral Tribunal with Three Dissents Dismissed Most of the Yukos Capital Claims

On 28 July 2021, the Yukos Foundation issued a press release (the “Yukos Press Release”) disclosing the existence and content of the award of 23 July 2021 made in UNCITRAL arbitration proceedings between Yukos Capital and the Russian Federation (the “Award”).

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In The News

14 Apr 2021

The High Court of Justice of England and Wales Dismissed the Application by the Yukos Oil Company’s Former Majority Shareholders

On 14 April 2021, the High Court of Justice of England and Wales dismissed the application to lift the stay of the proceedings to enforce the US$50 billion Yukos awards in England initiated by the oil company’s former majority shareholders.

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In The News

7 Feb 2021

The Russian Federation Presents Its Case at the Dutch Supreme Court

On 5 February 2021, the Dutch Supreme Court heard the cassation appeal of the Russian Federation against the judgment of the Hague Court of Appeal dated 18 February 2020, which had upheld the 2014 Yukos arbitration awards.

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In The News

28 Dec 2020

The Russian Federation Constitutional Court Confirms That The Russian Constitution Does Not Allow the Provisional Application of International Treaty Provisions on Investor-State Dispute Settlement

The Constitutional Court of the Russian Federation (RFCC) has issued a decision on 24 December 2020, in which the RFCC confirmed principles of Russian constitutional law concerning the separation of powers and consent to Investor-State Dispute Settlement (ISDS).

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In The News

21 Nov 2020

The US District Court Stayed Enforcement of the US$50 Billion Yukos Awards

On November 20, 2020, the Chief Judge Howell of the US District Court for the District of Columbia granted the Russian Federation’s motion to stay the US proceedings to enforce the US$50 billion Yukos awards, initiated by its former majority shareholders (please see documents section).

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In The News

15 May 2020

The Russian Federation Submits an Appeal to the Dutch Supreme Court

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.

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In The News

3 Mar 2020

YUKOS Shareholders Hold Inappropriate “Seminars” Attempting to Influence the Dutch Supreme Court in Litigation Against the Russian Federation

On 18 February 2020, the Court of Appeal of The Hague issued a fundamentally flawed Judgment reinstating the annulled arbitration awards rendered in 2014 against the Russian Federation in favor of three YUKOS majority shareholders.

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In The News

18 Feb 2020

The Russian Federation will vigorously appeal the decision of The Hague Court of Appeal to reinstate the Yukos Awards

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.

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In The News

14 Feb 2020

Yukos Awards in a Nutshell

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 […]

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In The News

12 Feb 2020

Spanish Minority Shareholders of Yukos Oil Company reimburse legal costs of the Russian Federation

Based on decision of the Svea Court of Appeal (one of six appellate courts in the Swedish legal system based in Stockholm), Spanish minority shareholders of Yukos Oil Company (Alos 34 S.L., GBI 9000 S.L., Orgor de Valores Sicav S.A., Bestinver Bestvalue Sicav SA., (formerly Quasar de Valores Sicav S.A.) reimbursed legal costs of the Russian Federation. […]

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Court Documents

29 Sep 2019

Pleading Notes of the Russian Federation at The Hague Court of Appeal

Please find attached Pleading Notes of the Russian Federation delivered at The Hague Court of Appeal on 23-24 and 30 September 2019 RF Pleading Notes on 23 September 2019 – Morning Session RF Pleading Notes on 23 September 2019 – Afternoon Session RF Pleading Notes on 24 September 2019 – Unclean Hands RF Pleading Notes […]

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In The News

10 Sep 2019

Upcoming Hearing at The Hague Court of Appeal

23, 24, and 30 September 2019 The Hague Court of Appeal will conduct oral hearings in relation to the annulment of the awards in the former Yukos shareholders arbitrations, which had held the Russian Federation liable for US$50 billion in damages plus interest. The Yukos awards had already been annuled in April 2016 by The […]

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In The News

9 Sep 2019

Law 360: White & Case Needn’t Turn Over Docs To Ex-Yukos Investors

Read the article on Law 360 website (subscription required) https://www.law360.com/articles/1196196/white-case-needn-t-turn-over-docs-to-ex-yukos-investors

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In The News

8 Sep 2019

Financial Times: More than third of foreign investment is multinationals dodging tax

Read the article on Financial Times website (subscription required) https://www.ft.com/content/37aa9d06-d0c8-11e9-99a4-b5ded7a7fe3f

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In The News

19 Mar 2019

The Berlin Higher Regional Court’s decision on cost reimbursement

In the cost reimbursement proceedings, the Berlin Higher Regional Court has recently issued a decision mandating the ex-shareholders of Hulley Enterprises Ltd., a company affiliated with the former Yukos Oil Company, to reimburse EUR 188 thousand of legal costs to the Russian Federation.

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In The News

22 Jan 2019

The Hague Court of Appeal fixes the dates for oral hearing

(The Hague, 22 January 2019): Following the order of Court of Appeal in The Hague (“CoA”) dated 18 December 2018, wherein the CoA paved the course for the further conduct of the appeal proceedings, on 22 January 2019, the CoA fixed the dates for the oral hearings in this matter.

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In The News

25 Sep 2018

The Hague Court of Appeal dismisses the former Yukos shareholders’ objections to the scope of the Russian Federation’s claims as unfounded

(The Hague, 25 September 2018): By its ruling dated 25 September 2018, the Court of Appeal in The Hague (“CoA”) has dismissed a number of procedural objections

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In The News

13 Jun 2018

Sputnik News: Swedish Court Overturns Claims of Yukos’ Shareholders Against Russia – Lawyer

Sputnik News reports on how in a victory for Russia a Swedish appeals court has reversed the ruling of the Stockholm arbitration tribunal in the legal action filed by Yukos Shareholders against Moscow.

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Press Releases

20 Mar 2018

Brussels Court of Appeal puts an end to YUL’s attempts to enforce the YUL Awards in Belgium

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.
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Press Releases

28 Nov 2017

Yukos Affair at The Hague: The Russian Federation files its Defence on Appeal

The Russian Federation has filed its Defence on Appeal in the proceedings brought by Yukos Oligarchs at the Court of Appeal in The Hague.
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Press Releases

2 Nov 2017

Yukos oligarchs drop their legal action in Belgium

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.
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Press Releases

10 Oct 2017

Yukos oligarchs abandon their enforcement proceedings in France

The ICLP welcomes the oligarch’s decision to withdraw their enforcement proceedings in France following the Dutch District Court’s decision in April 2016 to overturn the unprecedented $50bn Yukos awards.
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Press Releases

26 Sep 2017

Yukos oligarchs finally pay arbitration award to Russian Federation

Earlier this month, The ICLP issued a claim in the English Courts enforcing an award made in favour of the Russian Federation. The oligarchs have confirmed that they do not contest the application and have paid in full plus interest.
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Press Releases

1 Sep 2017

Russian Federation claims in UK High Court against Yukos Oligarchs to enforce arbitration award

Following an arbitral claim the oligarchs brought against the Russian Federation through the oligarch’s vehicle FPH, The Russian Federation is now compelling the vehicle to pay a London UNCITRAL arbitration costs awards made in September 2016 and is asking the UK High Court to compel FPH to disclose its worldwide assets.
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Press Releases

4 Aug 2017

ICLP statement re Swiss Supreme Court judgement of 20 July 2017

The ICLP has received judgement by the Swiss Supreme Court on the Russian Federation’s challenge of the Swiss-seated Arbitral Tribunal’s Interim Award on jurisdiction.
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Press Releases

30 Jun 2017

Dutch Supreme Court criticises former justice for advising Yukos oligarchs

The Court criticised one of its former members, Mr Hammerstein, for acting improperly by writing a legal opinion at the request of the oligarchs whilst he was still a member of the Supreme Court in a case that was closely connected to a procedure in the Dutch court.
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Press Releases

28 Jun 2017

Paris Court of Appeal recommends referring Yukos case questions to the ECJ

The court recommends submitting a list of questions to the Court of Justice of the European Union (ECJ) for a preliminary ruling aimed at the interpretation of the Energy Charter Treaty. Parties have until 10 October to revert.
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Press Releases

27 Jun 2017

Paris Court of Appeal confirms the release of the seizures of Roscosmos assets

The Court has confirmed the release of the seizures on the €300m previously imposed by Yukos oligarchs as a part of enforcement of the annulled arbitral awards.
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Press Releases

12 Jun 2017

Belgian Court lifts seizure of Russian assets

The Brussels Court of First Instance has lifted the unlawful seizures of Russian property in Belgium, made in 2015 by the Yukos oligarchs.
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In The News

30 Mar 2017

Global Arbitration Review: A bella notte in Milan

GAR Awards: Dutch Court overturn of $50bn Yukos arbitration awards is named most important arbitration decision of 2016 (subscription needed)

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In The News

29 Mar 2017

International Law and Policy Blog: The Fourth Man – An Intriguing Sub-Plot in the Yukos Arbitration

A senior legal commentator comments on reports that an arbitrator’s assistant conceived and drafted 70% of the three most important chapters of the Hague arbitration awards.

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Press Releases

14 Feb 2017

French Court unfreezes Russian assets

A French District Court lifted seizures on money owed by Arianespace to Russian aerospace companies, the eighth court decision decided in favour of Russian parties.
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In The News

6 Feb 2017

The Law Society Gazette: $50bn Russian oil lawsuit set for next stage

Law Society Gazette looks at the next steps of the case and information that has emerged from the witness statement of Dmitry Gololobov, the Yukos ex General Counsel.

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Press Releases

24 Jan 2017

Court of Appeal dismisses bifurcation

The Dutch Appeal Court refused the Yukos oligarchs’ requests for bifurcation - splitting the case into two - and the reversal of the filing sequence.
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In The News

2 Jan 2017

Law 360: 5 International Arbitration Cases To Watch In 2017

Law 360 examines how the case will develop in 2017 (subscription needed)

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Press Releases

15 Dec 2016

Sweden’s Supreme Court dismisses claim

The Swedish Supreme Court has refused to grant leave of appeal of the Svea Court of Appeal decision to annul awards previously made to Yukos minority shareholders by a Swedish arbitral tribunal.
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In The News

30 Nov 2016

Legal Week: The $50bn Yukos saga – partners discuss next round as January court date looms

Ahead of the January 2017 bifurcation ruling in the Dutch Court of Appeal, Legal Week analyses the next round of the Yukos case.

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Press Releases

3 Oct 2016

US District Court and Dutch Appeal Court deal latest blows to Yukos oligarchs’ legal campaign

The Oligarchs had been trying to prevent crucial evidence being heard in the US. The District Court in the District of Columbia rejected this and ruled the evidence must be heard in court.
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In The News

25 Aug 2016

GAR: The justice of the Yukos case – a Russian government view

Andrey Kondakov, Director General of the ICLP, argues how Russian tax authorities, faced with deliberate illegality, presented Yukos with a tax claim. (subscription needed)

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Press Releases

8 Aug 2016

Key Yukos insider reveals billion-Dollar bribery scheme

New testimony in Yukos case showed details of how Khodorkovsky, Nevzlin and other Russian Oligarchs fixed Yukos privatization.
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Press Releases

28 Jul 2016

Russian Federation welcomes the Oligarch’s withdrawal of enforcement proceedings in Germany

The Oligarchs withdrew their request for enforcement in Germany of the $50bn arbitration awards against the Russian Federation.
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Press Releases

19 Jul 2016

Russia to resist legal appeal by the Oligarchs

The Russian Federation noted that the Yukos oligarchs were appealing the firm decision by the District Court of The Hague to strike down the arbitration tribunal awards made by a panel of three arbitrators in 2014, without providing any grounds for their appeal.
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In The News

12 Jun 2016

The Daily Telegraph: Yukos investors hold fire over bid to seize Russian assets

The Telegraph reports how the Yukos oligarchs’ attempts to seize assets are grinding to a halt around the world.

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In The News

11 May 2016

London Evening Standard: Russia targets oligarchs over tax in $50 billion Yukos legal feud

The Evening Standard speaks with Andrey Kondakov, Director General of the ICLP, on how Russia are the wronged party in the Yukos affair.

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In The News

21 Apr 2016

Bloomberg: Russia Wins $50 Billion Ruling in Decade-Old Fight With Yukos

Bloomberg reports on Russia’s victory following the Dutch District Court overturn of the $50bn awards in April 2016 noting that this is the first time in 20 years that a district court has overturned an arbitration ruling. Read the article on Bloomberg.com

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Press Releases

20 Apr 2016

District Court set aside of $50bn awards

The Dutch District Court in the Hague ruled that the arbitral tribunal was wrong to consider itself to have jurisdiction in the case and threw out the $50bn awards in their entirety, awarding costs against the oligarchs.
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In The News

20 Apr 2016

The Independent: Yukos shareholders suffer major blow to demands for compensation from Kremlin

The Independent reports on Russia’s victory following the Dutch District Court overturn of the $50bn awards in April 2016. Read the article on The Independent website.

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