February 12, 2025 — The Court of Appeal in London today unanimously dismissed the Russian Federation’s appeal against the High Court’s November 1, 2023 judgment, confirming that Russia is not protected by state immunity in the recognition and enforcement proceedings brought by the former Yukos majority shareholders. In its extensive and well-reasoned judgment the Court of Appeal held that Russia cannot relitigate the issues it had already argued and lost in the legal proceedings in the Netherlands.