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Nov 5, 2021 · 11/05/2021. A yearslong legal dispute between the Kremlin and shareholders of the now-bust Yukos Oil company remains unresolved. The Dutch supreme court has sent the case back to an arbitration ...
Nov 1, 2023 · The logo of the now-defunct Yukos oil company. (file photo) Russia cannot claim state immunity to avoid the enforcement of a $60 billion arbitration award over the expropriation of defunct oil ...
Jan 5, 2017 · 1 INTRODUCTION. After a decade-long legal battle against the Russian Federation (Russia), three ex-shareholders of the defunct OAO Yukos Oil Company (the ex-shareholders collectively as ‘Yukos’) have succeeded in obtaining three different parallel awards rendered by the Tribunal 1 constituted under the auspices of the Arbitration Rules of the United Nations Commission on International ...
Feb 20, 2024 · Dutch Court Rejects Russia's Appeal Against Order To Pay Over $50 Billion To Defunct Yukos. A Yukos oil well in Prirazlomnoye, outside Nefteyugansk, Russia, in 2004. The Amsterdam Court of Appeals ...
Nov 20, 2023 · A US court has rejected Russia’s sovereign immunity defence to the enforcement of awards now worth nearly US$60 billion held by the former majority shareholders of Yukos Oil Company – ruling the arbitrators’ findings on jurisdiction were binding.
Nov 5, 2021 · Russia succeeded in overturning part of a judgment for a record $50 billion to former shareholders of Yukos Oil Co., meaning the 16-year legal saga that raged between the Kremlin and the owners of ...
Abstract. This case presents the history and current position of Russia's second-largest oil company, YUKOS, as it seeks listing on the NYSE as an ADR and attempts to rid itself from a punishing "governance discount" by the capital markets. This is a company with a history of significant corporate governance abuses that is, more recently ...
