Article:

YUKOS: A case of superlatives

16 August 2016

Gervase MacGregor, head of forensic services, and David Mitchell, head of valuations, examine the valuation implications of the Yukos case and lessons that can be learned for practice.

Introduction

Gervase MacGregor, head of forensic services, and David Mitchell, head of valuations, examine the valuation implications of the Yukos case and lessons that can be learned for practice.

In July 2014, a tribunal at the Permanent Court of Arbitration in the Hague, chaired by Yves Fortier QC, found in three parallel arbitrations that Russia had breached its obligations under article 13(1) of the Energy Charter Treaty to three companies which had been major shareholders in the now defunct Russian oil company Yukos by unlawfully expropriating their investments. It ordered Russia to pay over US$50 billion in damages and interest to the claimants.

Read the full article on the Global Arbitration Review.