- >Subject matter of the dispute: Claims arising out of the Government’s alleged illegal expropriation of claimant’s investments in Yukos Oil Company
- >Amount claimed: USD 114,174 billion (Yukos Universal Limited v. Russian Federation, Hulley Enterprises Limited v. Russian Federation, and Veteran Petroleum Limited v. Russian Federation combined)
- >Amount awarded: USD 1,846,000,687
- >Valuation method: hybrid approach (market-based approach (comparable companies - RTS Oil & Gas Index) + discounted cash flow)
- >Interest rate: US Treasury bonds (10-year)
- >Costs of arbitration: EUR 156,476
- >Award legal costs: Claimant was awarded USD 2,214,277
- >Award costs of arbitration: Costs follow the award
ARBITRAL DECISIONS
30 November 2009 |
18 July 2014 |
ANNULMENT PROCEEDINGS
20 April 2016 |
25 September 2018 Ruling of the Hague Court of Appeal - Dutch | English (unofficial translation) |
18 February 2020 Judgment of the Hague Court of Appeal - Dutch | English (unofficial translation) | |
ENFORCEMENT PROCEEDINGS (Belgium - France - United Kingdom - United States)
Belgium: 24 June 2016 - Decision of Antwerp Court of First Instance 9 December 2016 - Judgment of the Brussels Francophone Court of First Instance 27 April 2017 - Decision of Belgian Consitutionnal Court 20 February 2018 -Decision Brussels Court Appeal on Enforcement I 20 February 2018 - Decision Brussels Court Appeal on Enforcement II
10 February 2017 - Decision of the Tribunal of Grande Instance d'Ivry
30 September 2016 - Memorandum Opinion of the United States District Court for the District of Columbia 18 August 2017 - Memorandum Opinion and Order of the United States District Court for the District of Columbia 9 December 2017 - Memorandum Opinion and Order of the United States District Court for the District of Columbia |