AMSTERDAM FEBRUARY 20, 2024 – After a decade-long legal battle, the Amsterdam Court of Appeal today dismissed Russia’s last remaining challenge to the $50 billion arbitral awards won by the Yukos majority shareholders for the illegal expropriation of their investment. In a last-ditch attempt to escape accountability, the Russian Federation claimed the former shareholders committed fraud during the arbitration. But the Amsterdam Court dismissed that argument on appeal. Conclusion: the arbitral awards stand.