Hulley Enterprises Ltd. v. Russian Federation, PCA Case No. AA 226

  • >Claimant : Hulley Enterprises Ltd
  • >Nationality : Cyprus
  • >Respondent : Russian Federation
  • >Procedural rules applied : UNCITRAL (PCA)
  • >Chair : Yves Fortier
  • >Arbitrator appointed by Claimant : Charles Poncet
  • >Arbitrator appointed by Respondent : Stephen Schwebel
  • >Invoked instruments : ECT
  • >Articles mentioned : Article 21 (1)
  • , Article 26 (1)
  • , Article 26 (6)
  • , Article 26 (8)
  • , Article 21 (7)
  • , Article 21 (5)
  • , Article 17 (1)
  • , Article 10 (7)
  • , Article 10 (3)
  • , Article 10 (1)
  • , Article 7 (10)
  • , Article 1 (1)
  • , Article 1 (2)
  • , Article 1 (7)
  • , Article 13
  • , Article 32
  • , Article 39
  • , Article 45
  • >Breaches alleged :  
  • >Breaches found :(13.1) Indirect expropriation
  • >Case status : Award rendered
  • >Year of the award or agreement : 2014
  • >Follow-on proceedings : Pending national court decision on annulment
  • >Year of registration : 2005

  • Subject matter of the dispute: Claims arising out of the Government’s alleged illegal expropriation of claimant’s investments in Yukos Oil Company.
  • Amount claimed: 114.174 billion USD
  • Amount awarded: 39,971,834,360 USD
  • Costs of arbitration: 3,388,197 EUR
  • Award legal costs: Claimant was awarded 47,946,190 USD
  • Award costs of arbitration: Costs follow the award


ARBITRAL DECISIONS


ANNULMENT PROCEEDINGS

  • Currently, the Court of Appeal of The Hague is considering whether to reinstate the award.


ENFORCEMENT PROCEEDINGS (Belgium - France - United States)


          Back