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An insiders view into the largest arbitration award in history ($50 billion)


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2015 May 25, 3:52pm   1,641 views  2 comments

by RWSGFY   ➕follow (4)   💰tip   ignore  

Students at Harvard Law School were given a special insider’s view into the case behind the largest arbitration award in history:

http://today.law.harvard.edu/the-yukos-settlement-an-insiders-view-into-the-largest-arbitration-award-in-history/

"To put that award in perspective, the second largest arbitral award is $2.47 billion..."

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1   Ceffer   2015 May 25, 4:30pm  

You can tell it's not America. Here, the shareholders would get two cents apiece, and the lawyers would take the rest.

2   RWSGFY   2020 Mar 9, 2:16pm  

Russia Faces $50 Billion Payout From Seizure of Oligarch Oil Assets
Jake Rudnitsky
Former Yukos owners say they will seek to seize Russian assets

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Russia may have to pay a record $50 billion arbitration ruling after a Dutch court ruled in favor of the former owners of Yukos Oil Co.

The ruling by The Hague Court of Appeal Tuesday reinstates an award issued in 2014 by an arbitration panel and could set off a new wave of efforts to seize Russian state assets around the world. The decision is the latest twist in a 15-year legal saga that has raged between the Kremlin and the owners of what was once Russia’s biggest oil company.

“We are ready for war, and a legal battle is better than any other kind,” said Leonid Nevzlin, one of the former Yukos owners. “We can now begin a full-scale seizure of assets that are recognized as the property of the Russian state.”

https://www.bloomberg.com/news/articles/2020-02-18/dutch-court-reinstates-50-billion-yukos-judgment-against-russia

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