Yukos Investors Cleared To Seek $100B From Russia

Law360, New York (December 2, 2009, 5:40 PM EST) -- An international arbitration tribunal has issued a ruling clearing the way for former shareholders of defunct Yukos Oil Co. to claim up to $100 billion in damages from the Russian government over its 2007 dismantling of the oil giant.

A three-member panel under the auspices of the Permanent Court of Arbitration in the Hague on Monday determined that Yukos' majority shareholders can pursue their compensation claim brought under the Energy Charter Treaty because Russia, despite having never ratified the international treaty designed to protect foreign investments...
To view the full article, register now.