(See here for full coverage of the record Yukos award from The American Lawyer, including an exclusive behind-the-scenes report on the arbitration itself.)
Dealing a historic legal blow to Vladimir Putin’s Russia, an arbitration tribunal has held the Russian Federation liable for $50.02 billion for seizing the assets of OAO Yukos Oil Company. The panel held that Russia effectively expropriated Yukos in 2004 without due process or just compensation, in violation of international law.
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