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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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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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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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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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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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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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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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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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In The News

17 Apr 2016

The Sunday Times: Yukos: will Putin pay up?

Ahead of the District Court’s ruling on the Russian Federation’s appeal, The Sunday Times reports on Russia’s core argument that Yukos was stolen in the first place.

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In The News

17 Nov 2003

Wall Street Journal: The Khodorkovsky Affair

The Wall Street Journal examines the arrest of Khodorkovsky, noting that “when you buy state assets in such dubious backroom deals your rights will never be truly secure”. (subscription needed)

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In The News

1 Mar 2000

Foreign Affairs: Putin’s Plutocrat Problem

Foreign Affairs describes how Putin had to rein in “a dangerous posse of plutocrats riding roughshod over Russia” at the start of his premiership in order to press ahead with his difficult reforms.

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