The Dutch Supreme Court today rejected Russia’s last remaining legal challenge to the compensation awarded to the Yukos majority shareholders for the illegal expropriation of their investment by the Russian Federation more than twenty years ago. The Dutch Supreme Court added in a press statement: “This ruling by the Supreme Court has definitively ended the Russian Federation’s setting aside proceedings against the arbitral awards“. With no legal remedies left, the largest arbitral awards in history – currently exceeding $65 billion including interest – are now final, irreversible and enforceable against Russian state assets worldwide.
