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05-11-2021 

Dutch Supreme Court refers one issue to Court of Appeal

The former Yukos majority shareholders today won on all substantive grounds of Russia’s appeal to the Dutch Supreme Court. However, the Court also decided that certain factual allegations need to be reviewed in full, having been decided previously by the Court of Appeal on purely procedural grounds. Therefore, the Supreme Court has referred the case to the Court of Appeal in Amsterdam, which will review this one limited issue. You can read our press release here.

Tim Osborne, Chief Executive of GML, the holding company of the former Yukos majority shareholders, said: “We will study the Supreme Court ruling, but are confident that the Court of Appeal in Amsterdam will dismiss the baseless allegations raised by the Russian Federation, and the Arbitral Awards will be upheld.”

Other 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.