Fight for justice

The Yukos case is a litmus test for the international rule of law to prevail

Latest news

  • 22-03-2024

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

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  • 20-02-2024

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

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Time for justice to be done

The Yukos case is a litmus test for the rule of law. Yukos Oil was intentionally bankrupted by the Kremlin in 2003 for political reasons. In 2014, an independent Arbitration Tribunal in The Netherlands ruled unanimously that the expropriation was illegal and awarded the former majority shareholders in excess of $50 billion in compensation. The decision of the Tribunal has been upheld by the Dutch courts. But since the Kremlin refuses to pay the more than $50 billion in damages or even negotiate in good faith, the former shareholders must enforce the Awards against Russian State assets abroad to get their rightful compensation. 

The Kremlin continues to use every trick in the book to avoid payment and keep the former shareholders mired in court proceedings in the hope they will ultimately give up the fight. But they won’t. They will hold the Kremlin accountable for this crime. Their victory not only secures justice for them, but proves to the world that kleptocrats cannot escape justice in the West.

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Press releases

More press releases

  • 05-10-2022

    Iconic Russian state-owned vodka brands auctioned in December

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  • 28-06-2022

    Dutch Court approves seizure of iconic vodka brands by former Yukos shareholders to enforce $50 billion Awards against Russian Federation

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  • 04-03-2022

    Tim Osborne reacts to the withdrawal of Houthoff and Albert Jan van den Berg as counsel for the Russian Federation

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Latest judgments

More judgments

  • 05-04-2024

    Judgment Dutch Supreme Court HVY vs Russian Federation

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  • 05-04-2024

    Judgment Dutch Supreme Court HVY vs FKP Sojuzplodoimport

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  • 24-03-2024

    Judgment of the Amsterdam Court of Appeal

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