$186M Yukos Capital Award Upheld In Oil Loan Row

Law360, New York (October 04, 2013, 3:35 PM ET) -- A New York federal court entered a $185.9 million final judgment in favor of Yukos Capital S.a.r.l., an affiliate of defunct Yukos Oil Co., affirming on Wednesday an arbitration award the company had won against a former Yukos Oil subsidiary that is now part of a Russian state-controlled oil company.

U.S. District Judge Paul A. Crotty's final judgment Wednesday upheld the International Court of Arbitration's ruling awarding Luxembourg-based Yukos Capital over 2.4 billion rubles ($75.1 million), for loans Yukos Capital had made to OAO Samaraneftegaz that...
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