Yukos Owners Win Largest Arbitration Award In History Against Russia For “Devious And Calculated” Expropriation. Yukos’ owners have won the largest arbitration award in history against Russia for what was determined by an international arbitration tribunal to be a “devious and calculated” expropriation of its assets. Russia has been ordered to pay over USD 50.2 billion to […]
Modifications Proposed To Russian International Arbitration Law
Russian international arbitration legislation is expected to be modified in the near future. The Russian law governing international arbitration, entitled the Law on International Commercial Arbitration, dates from 1993 and was drafted largely on the basis of the the United Nations Commission on International Trade Law (UNCITRAL) Model Law 1985, with minor variations. Largely due to the […]
The IA Reporter Discusses The First Belarus Investment Treaty Arbitration
First Investment Treaty Arbitration Against Belarus. Luke Peterson’s Investment Arbitration Reporter has recently published an article on the first reported investment treaty arbitration against Belarus, the last remaining rogue State in Europe. The USD 175 million arbitration is being launched by William Kirtley and Christophe Dugué of one of the leading Paris-based arbitration boutiques, Dugué & Kirtley, […]
Can Russian Investors Initiate Arbitration Against Cyprus to Recover their Losses?
Many Russian depositors are facing losses of up to 40 percent in Cyprus, and are currently considering their legal options. Should one of these options be initiating an investment treaty arbitration against Cyprus for expropriation on the basis of the 1997 Russian Federation-Cyprus bilateral investment treaty, which is included here: IAA-Bilateral-Investment-Treaty-Between-Russia-and-Cyprus. Such a claim could most […]