Press Releases

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.

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.

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.

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 […]

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.

(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