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Russian Government Ordered to Pay $50 Billion in Damages

By Goosmann Law Team   |  28, October 2014
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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

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