Hulley Enterprises Limited (Cyprus) v The Russian Federation - PCA Case No AA 226 - Final Award - 18 July 2014
Country
Year
2014
Summary
Case Report (free download)
Case Report by Margie-Lys Jaime, Edited by Ignacio Torterola
Summary
In its Award of 18 July 2014, the Tribunal found the Russian Federation liable in three arbitration cases under the UNCITRAL Arbitration Rules (PCA Case Nos. AA226 --Hulley, AA227 --Yukos Universal Limited, and AA228 --Veteran Petroleum Limited) for breach of its obligations under Article 13(1) (Expropriation) of the Energy Charter Treaty. The Tribunal awarded Claimants with over US$ 50 billion in damages, the largest amount awarded in the history of investment arbitration to date.
Case report provided by International Arbitration Case Law (IACL)
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