Yukos, once Russia’s largest oil major, was accused of tax crimes and declared a bankrupt by a Russian court ruling in 2006 while its assets were sold at auctions during the liquidation procedure.
Taking into account the past Belarus practice of investor – state dispute settlement, the parties are more likely to settle Manolium Processing claim as a part of the pre-arbitration negotiations than by ICSID arbitration.
Moscou menace Paris de représailles à la veille d’une décision judiciaire française portant sur les saisies de biens russes dans l’Hexagone liées à la nationalisation de la compagnie pétrolière.
Ukraine will use all legal mechanisms seeking invalidation of the international arbitration court’s ruling ordering Ukraine to pay Tatneft $144 million.
International Economic Law and Policy Blog | 31-Mar-2017
The Russian Federation claimed that arbitrator Yves Fortier’s assistant turned into a Fourth Man, a covert extra arbitrator who conceived and drafted a large part of the award.
Russia must bear responsibility for protecting Ukrainian investors in Crimea after its annexation under the Russian-Ukrainian bilateral investment treaty.
The latest award on jurisdiction conflicts with the ruling of a Dutch court which overturned an earlier award of US$50 billion in favour of the former majority shareholders of Yukos.