Winning the Battle Does Not Mean Winning the War: Challenges Facing the Yukos Shareholders in Enforcing Their Arbitration Award Against the Russian Federation in England and Wales
Article from: TDM 5 (2015), in Investor-State Disputes - International Investment Law
On 18 July 2014 three final awards were rendered in arbitration proceedings which lasted almost a decade and were brought by former majority shareholders of OAO Yukos Oil Company. Following their release, the Russian Federation, the award debtor, has made it publicly known that it would resist compliance with the awards. In light of this, the paper argues that winning the battle of obtaining arbitral awards does not mean that the Yukos shareholders have won the war as a result of the existing challenges in the process of enforcement. It thus focuses on the available enforcement ...