May 12, 2023
Attorneys for Russia argued to a District of Columbia federal court that the recent decision to dismiss an arbitration claim in a different case illustrates why the court should let it escape $50 billion in arbitral awards that the court is mulling whether to enforce.
December 14, 2022
White & Case LLP on Tuesday continued to face headwinds in its bid to withdraw from representing Russia as the country's government fights enforcement of $50 billion in arbitral awards issued to former shareholders of Yukos Oil Co., as the ex-shareholders argued that the firm must remain in the litigation for another six months.
November 02, 2022
Russia fought back against arguments by former Yukos Oil Co. shareholders that a recent ruling from Switzerland's highest court affirming a $5 billion arbitral award issued to Yukos' financing arm backs the shareholders' efforts to enforce $50 billion in arbitral awards against Moscow.
August 17, 2022
The former shareholders of Yukos Oil Co. urged a D.C. federal court to block Russia from cross-examining several witnesses in the shareholders' effort to enforce $50 billion in arbitral awards from 2014, slamming the Kremlin's bid for an evidentiary hearing as needless, unlawful and "preposterously late."
July 14, 2022
White & Case LLP revealed Wednesday that it still hasn't been able to withdraw from representing the Russian government in litigation filed in Washington, D.C., by former Yukos Oil Co. shareholders to enforce $50 billion in arbitral awards and that it will continue facing resistance as it moves toward that goal.
May 12, 2022
Records uncovered during Dutch litigation offer new evidence that three former shareholders of the now-defunct Yukos Oil Co. were controlled by Russian oligarchs, meaning they should not have won arbitration awards totaling $50 billion, Russia told a D.C. federal court Wednesday.
April 14, 2022
A D.C. federal judge refused on Wednesday to keep litigation to enforce $50 billion in arbitral awards issued against Russia in 2014 on hold for an appeal in the Netherlands, citing the already protracted nature of the litigation and sanctions imposed against the Kremlin.
March 21, 2022
Former Yukos Oil Co. shareholders urged a D.C. federal court Monday not to extend a stay on their lawsuit seeking to enforce $50 billion in arbitral awards against Russia, while also hinting that they may fight efforts by White & Case LLP to remove itself as the Kremlin's counsel.
December 20, 2021
Former Yukos shareholders are pushing a D.C. federal court not to pause litigation to enforce $50 billion in arbitral awards against Russia as they await a ruling from the Netherlands on the awards' validity, saying Russia's sovereign immunity defense must be resolved immediately.
December 14, 2021
A Netherlands high court decision has left a $50 billion arbitral award issued to the former shareholders of Yukos Oil Co. unenforceable, at least for now, Russia has told a U.S. district court in an attempt to pause the case.