News

  • 23-04-2021 

    Advocate-General advises Dutch Supreme Court to dismiss Russia's appeal

    Today, the Advocate-General of The Netherlands advised the Dutch Supreme Court to dismiss the Russian Federation’s cassation appeal in its entirety and to uphold the 2020 Court of Appeal ruling which reinstated the Arbitral Awards in favour of the former Yukos majority shareholders. The Awards order Russia to compensate the shareholders for the unlawful expropriation of their investment. The compensation amounts to more than $50 billion, a measure of the company’s success before it was destroyed. You can read our press release here.

  • 05-04-2021 

    Emmanuel Gaillard (1952-2021)

    GML is deeply saddened by the sudden and unexpected passing of Professor Emmanuel Gaillard on April 1st 2021. To his family, friends and colleagues, we send our heartfelt condolences. “I have lost a friend and a colleague,” said Tim Osborne, Chief Executive of GML, “while the legal profession has lost one of its leading lights. Emmanuel is irreplaceable, and will be terribly missed by everyone who had the privilege to work with him.” You can read our tribute here.

  • 04-12-2020 

    Dutch Supreme Court rules Yukos shareholders can continue to enforce Arbitral Awards

    On 4 December 2020, the Supreme Court (Hoge Raad) of the Netherlands ruled that the former Yukos majority shareholders can continue to enforce their $50 billion Arbitral Awards. You can read the Supreme Court's press release here.

  • 18-05-2020 

    Yukos shareholders seize vodka trademarks in The Netherlands

    The former Yukos majority shareholders have seized a number of alcohol drinks trademarks in the Benelux region, which are owned by the Russian Federation. The trademarks include the well-known Stolichnaya and Moskovskaya vodka brands.

  • 18-02-2020 

    The Hague Court of Appeal reinstates Arbitral Awards

    The Hague Court of Appeal has today reinstated the Arbitral Awards of 2014, which order the Russian Federation to compensate the former Yukos majority shareholders for the unlawful expropriation of their investment. The Awards amount to more than $50 billion, a measure of the company’s success before it was destroyed.

    Tim Osborne, GML’s chief executive, commented: “This is a victory for the rule of law. The independent courts of a democracy have shown their integrity and served justice. A brutal kleptocracy has been held to account.”

  • 21-01-2019 

    Dutch Supreme Court rules that Russia unlawfully bankrupted Yukos

    On Friday 18 January 2019, the Dutch Supreme Court ruled that Russia unlawfully bankrupted Yukos Oil Company. The judgment upholds the ruling of the Appeals Court, which found the politically-motivated bankruptcy so egregious that it violated Dutch public policy.

  • 25-09-2018 

    GML welcomes The Hague Appeals Court ruling

    On 25 September 2018, The Hague Appeals Court 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.

  • 26-01-2018 

    Dutch intelligence uncovered Russian interference in US elections

    The Dutch intelligence agency, AIVD, provided the FBI with crucial information about Russian interference in the US elections. On 25 January 2018, Dutch media, de Volkskrant and Nieuwsuur, revealed how the AIVD penetrated the Kremlin's team of hackers, Cozy Bear, as the Russians infiltrated the White House, State Department and Democratic National Committee.

  • 14-11-2017 

    Dutch Interior Minister warns of Russian disinformation

    Kajsa Ollongren has warned the Dutch Parliament that Russian efforts to manipulate public opinion remain an urgent threat. This follows the news, revealed by Dutch newspaper NRC, that a prominent Member of Parliament, Pieter Omtzigt, helped a witness to provide false evidence about the shooting down of flight MH17.

  • 03-10-2017 

    Vasily Aleksanyan (1971-2011)

    Today we remember Vasily Aleksanyan, who died on 3 October 2011. Russia defied the European Court of Human Rights, detaining Mr Aleksanyan in horrific conditions and denying him urgent medical care.