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  • Dutch Supreme Court throws out the Russian Federation’s last appeal against seizure of iconic Russian vodka brands by the former Yukos shareholders

    THE HAGUE, MARCH 22, 2024 – Today, the Supreme Court dismissed the Russian Federation’s last appeal against the seizure of the Benelux trademarks of the iconic Russian vodka brands, Stolichnaya and Moskovskaya. This means Russia has exhausted its last possibility to prevent the former majority Yukos shareholders from putting the rights up for sale in the process of execution of their Arbitral Awards of more than $50 billion in damages for the illegal and politically motivated expropriation of their investments in the Russian oil giant.

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  • Yukos shareholders defeat Russia in last remaining challenge to $50 billion arbitration awards

    AMSTERDAM FEBRUARY 20, 2024 – After a decade-long legal battle, the Amsterdam Court of Appeal today dismissed Russia’s last remaining challenge to the $50 billion arbitral awards won by the Yukos majority shareholders for the illegal expropriation of their investment.

     

    In a last-ditch attempt to escape accountability, the Russian Federation claimed the former shareholders committed fraud during the arbitration. But the Amsterdam Court dismissed that argument on appeal. “The court finds that the Russian Federation did not make a timely appeal on the fraud allegation. In addition, the court finds that certain documents upon which the Russian Federation bases its appeal should have been introduced earlier, that the subject the documents refer to, is not relevant for the judgment of the arbitrators, and that an appeal on alleged fraud would not have been successful because it’s not plausible that the arbitrators would have come to a different decision. Conclusion: the arbitral awards stand”.

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  • First successful charge of Russian property in London by Yukos shareholders

    LONDON, FEBRUARY 1, 2024 – After the Russian Federation failed to comply with a London High Court order to pay legal costs to the former Yukos majority shareholders following the rejection of the Russian Federation’s claim to sovereign immunity, the shareholders obtained an interim charging order over a vacant plot of land in Kensington belonging to the Russian Federation. This is the first successful charge over Russian property in England ever.

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  • Federal judge denies Russia immunity in record $50 billion Yukos claim

    WASHINGTON D.C., NOVEMBER 16, 2023 – After a nine-year battle, the United States District Court for the District of Columbia ruled today that Russia cannot hide behind immunity from jurisdiction in the enforcement proceedings brought by former Yukos majority shareholders. This ruling brings the majority shareholders a significant step closer to having their record $50 billion Arbitral Awards recognized and enforced in the United States.

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    • Dutch Supreme Court throws out the Russian Federation’s last appeal against seizure of iconic Russian vodka brands by the former Yukos shareholders

      THE HAGUE, MARCH 22, 2024 – Today, the Supreme Court dismissed the Russian Federation’s last appeal against the seizure of the Benelux trademarks of the iconic Russian vodka brands, Stolichnaya and Moskovskaya. This means Russia has exhausted its last possibility to prevent the former majority Yukos shareholders from putting the rights up for sale in the process of execution of their Arbitral Awards of more than $50 billion in damages for the illegal and politically motivated expropriation of their investments in the Russian oil giant.

      Read more

    • Yukos shareholders defeat Russia in last remaining challenge to $50 billion arbitration awards

      AMSTERDAM FEBRUARY 20, 2024 – After a decade-long legal battle, the Amsterdam Court of Appeal today dismissed Russia’s last remaining challenge to the $50 billion arbitral awards won by the Yukos majority shareholders for the illegal expropriation of their investment.

       

      In a last-ditch attempt to escape accountability, the Russian Federation claimed the former shareholders committed fraud during the arbitration. But the Amsterdam Court dismissed that argument on appeal. “The court finds that the Russian Federation did not make a timely appeal on the fraud allegation. In addition, the court finds that certain documents upon which the Russian Federation bases its appeal should have been introduced earlier, that the subject the documents refer to, is not relevant for the judgment of the arbitrators, and that an appeal on alleged fraud would not have been successful because it’s not plausible that the arbitrators would have come to a different decision. Conclusion: the arbitral awards stand”.

      Read more

    • First successful charge of Russian property in London by Yukos shareholders

      LONDON, FEBRUARY 1, 2024 – After the Russian Federation failed to comply with a London High Court order to pay legal costs to the former Yukos majority shareholders following the rejection of the Russian Federation’s claim to sovereign immunity, the shareholders obtained an interim charging order over a vacant plot of land in Kensington belonging to the Russian Federation. This is the first successful charge over Russian property in England ever.

      Read more

    • Federal judge denies Russia immunity in record $50 billion Yukos claim

      WASHINGTON D.C., NOVEMBER 16, 2023 – After a nine-year battle, the United States District Court for the District of Columbia ruled today that Russia cannot hide behind immunity from jurisdiction in the enforcement proceedings brought by former Yukos majority shareholders. This ruling brings the majority shareholders a significant step closer to having their record $50 billion Arbitral Awards recognized and enforced in the United States.

      Read more

    Show more