In 2014 an independent, international Arbitral Tribunal in The Hague ruled 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.

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 utter 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 upheld and enforced.

In 2016 The Hague District Court decided to set aside the Arbitral Awards, ruling that the Arbitral Tribunal had no jurisdiction to consider the claims against the Russian Federation. On 23-24 and 30 September 2019, The Hague Court of Appeal will hold a hearing on our Appeal to reinstate the Arbitral Awards. You can read about the Appeal and the hearing here.