In 2014 an independent international Arbitral Tribunal in The Hague ruled unanimously that one of Russia’s most successful companies, Yukos Oil, was illegally expropriated by the Russian Federation. The Tribunal awarded compensation of $50 billion to former Yukos majority shareholders.

On 18 February 2020, The Hague Court of Appeal fully reinstated these Arbitral Awards, overturning a 2016 ruling of the District Court that had set them aside. You can read an apostilled English translation of the judgment of 18 February, which we have made available in the 'Library' section at the foot of this page.

The Russian Federation refuses to pay the Arbitral Awards, and resists every attempt to enforce them. It continues to manipulate democratic and judicial institutions across Europe and the US, showing contempt for the rule of law. In our publication below, we look at the Kremlin's 'War on the West', and remember the courageous individuals who have fought back.

GML, via its wholly-owned subsidiaries, Yukos Universal Limited and Hulley Enterprises Limited, was the majority shareholder of the former Yukos Oil Company. Our goal is to obtain justice by ensuring that the Arbitral Awards are enforced.

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