The $50 BILLION Treaty Interpretation Question: Dutch Court Sets Aside Yukos Award Against Russia
Russia scored a huge victory today when the Hague District Court in the Netherlands court set aside a $50 billion arbitral award in favor of former shareholders of Yukos. The $50 billion Yukos award (that's BILLION, with a "B"), is the largest arbitration award ever issued, was issued under the authority of the Energy Charter Treaty. The arbitral tribunal (hosted at...