July 28, 2014 — The former majority shareholders of Yukos Oil Company have won record awards in excess of $50 billion in their expropriation claim against the Russian Federation. The claim – which is the largest in international arbitration history – was brought under the Energy Charter Treaty (ECT). In the decision, an independent arbitral tribunal sitting in The Hague ruled unanimously that the actions of the Russian Federation were politically motivated and constituted expropriation of the majority shareholders’ investment in Yukos.