Historic Award in the Yukos Majority Shareholders Arbitration

In this issue:

- Background of dispute

- Tax reassessments

- Harassment of Yukos

- Settlement offers

- “Rigged” auction

- Harassment of PwC

- Bankruptcy

- Legal findings

- Excerpt from newsletter:

In a historic USD 50 billion award rendered on July 18, 2014, an Arbitral Tribunal constituted pursuant to the Energy Charter Treaty held unanimously that the Russian Federation breached its international obligations under the Energy Charter Treaty by destroying Yukos Oil Company and appropriating its assets.

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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