In 2014 an independent tribunal in The Hague ruled that one of Russia’s most successful companies, Yukos Oil, had been illegally expropriated by the Russian Federation. The tribunal awarded compensation of $50 billion to former Yukos shareholders.

The Russian Federation refuses to pay these awards, and resists every attempt to enforce them. As the Kremlin strives to undermine our values and our democratic institutions, it has nothing but contempt for the rule of law. In our booklet below, we look at the Kremlin's new 'War on the West', and remember the courageous individuals who 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 upheld and enforced. We believe the rule of law will prevail.

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Latest news


  • 25-09-2018 

    GML welcomes The Hague Appeal Court ruling

    On 25 September 2018, The Hague Court of Appeal clarified the scope of the ongoing Dutch set-aside proceedings where former Yukos majority shareholders (GML) aim to reinstate the Arbitral Awards of 2014, which awarded them more than $50 billion in compensation after Russia unlawfully expropriated their investment.

  • 19-06-2018 

    GML takes part in procedural hearing in The Hague

    On 19 June 2018, GML, the former Yukos majority shareholders, took part in a procedural hearing at The Hague Court of Appeal. This was part of the ongoing Dutch set-aside proceedings in which GML aims to reinstate the Arbitral Awards of 2014.

  • 04-04-2018 

    Dutch Parliament calls for European Magnitsky Act

    The Dutch Parliament has passed a resolution which calls on its government to push for a European Magnitsky Act. Inspired by the original US Magnitsky Act of 2012, the law would punish human-rights abusers by freezing their assets and denying them travel visas.

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More articles

  • 20-04-2016 

    Decision of The Hague District Court setting aside the arbitral award (2016)

  • 31-07-2014 

    European Court of Human Rights : Yukos v Russia (2014)

  • 18-07-2014 

    Final Award of The Hague Tribunal under the Energy Charter Treaty (2014)