June 27, 2017 — The Paris Court of Appeal confirmed that the 2016 decision of The Hague District Court – to set aside the 2014 arbitral awards condemning the Russian Federation to pay the former Yukos majority shareholders $50 billion in compensation – does not affect the recognition and enforcement of these awards in France. The Court has decided to reopen the debates before it, inviting both parties to comment on the possibility of requesting a preliminary ruling from the Court of Justice of the European Union on the interpretation of the Energy Charter Treaty. The parties are required to submit their arguments on this issue by 10 October 20