The Russian Government was ordered on July 18, 2014, to pay damages of approximately $50 billion, plus $60 million in legal fees for using tax claims to destroy Yukos, once the country's largest oil producer, and its Kremlin-critical CEO.

This is the largest international arbitration award in history. The court’s three-member panel, determined Russia was not acting in good faith to collect taxes when it leveled massive claims against Yukos. See the article HERE for more details about the arbitration.

For more information on litigation and arbitration, contact the Goosmann Law Firm at info@goosmannlaw.com or call 712-226-4000.

Photo Copyright: alex83ch / 123RF Stock Photo

Subscribe Our Blog

Posts by Topic

DISCLAIMER: The information in this blog post (“post”) is provided for general informational purposes only, and may not reflect the current law in your jurisdiction. By visiting this website, blog, or post you understand that there is no attorney client relationship between you and the Goosmann Law Firm attorneys and website publisher. No information contained in this post should be construed as legal advice from Goosmann Law Firm, PLC, or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through, this Post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country or other appropriate licensing jurisdiction.