The Yukos group of companies, whose controlling shareholders were OAO Yukos Oil Company, Hulley Enterprises Limited (Cyprus), Yukos Universal Limited (Isle of Man) and Veteran Petroleum Limited (Cyprus), was supposed to benefit from tax exemptions. However, in 2002, these exemptions were revoked at the Closed Administrative Territorial Units (“ZATOs”). Then, starting in 2003, Yukos suffered […]
Aceris Law International Arbitration Boutique Ranked As First-Tier Recommended International Arbitration Firm
Aceris Law has been ranked as a first-tier, recommended international arbitration firm by the Leader’s League Intelligence Report for 2017. The rankings of recommended international arbitration firms are shown below. Aceris Law was similarly ranked as a recommended international arbitration firm in 2015-2016, and it was highly-regarded prior to spinning off from DK AARPI. The Leader’s […]
The PCA Secretary General’s Role as Arbitrator Appointing Authority
The Secretary General of one of the oldest arbitral institutions in the word, the Permanent Court of Arbitration (the “PCA”), has a very important role under the UNCITRAL Rules as an arbitrator appointing authority. Under both the 1976 and the 2010 UNCITRAL Rules (as revised in 2013), the Secretary General acts as the appointing authority […]
New Arbitration against Russia Arising out of the Annexation of Crimea
As we anticipated in January 2015, arbitrations have arisen against Russia due to its annexation of Crimea. After months of threats and announcements by the Ukrainian Ministry of Foreign Affairs, a new investment treaty case against Russia in relation to annexation of Crimea is about start. The first case, Ukrnafta v. Russia, PJSC Ukrnafta v. Russia […]
Kosovo ICSID Arbitration
The youngest European State has been slowly but gradually becoming a Member of various International Organizations, and it now it is facing its first investment treaty arbitration claim.[1] Kosovo has been a member of the IMF and the International Bank for Reconstruction and Development since 2009 and became a member of the ICSID by signing the […]