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

6th February 2017

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.

As the Yukos oligarchs seek to appeal the overturn of the $50bn awards (which equated to 20% of the Russian Federation budget in 2015) the ICLP points out the oligarchs obtained their shares through fraud and deception and were involved in tax evasion and illegality on a vast scale. Former Yukos General Counsel Dmitry Gololobov’s witness statement describes how the records of the oligarchs’ Bank Menatep were placed in a truck that was driven into the River Dubna.

Read the article on The Law Gazette website