Yukos universal limited (isle of man) v the Russian federation

newcombe, andrew;

It is rare that the release of an arbitral award is accompanied by a press conference. The Yukos case is unique in many regards�the highly complex political and economic circumstances that led to the rise and then demise of Yukos, the length and complexity of the proceedings,3 the magnitude of a claim of �no less than US$114.174 billion�,4 the Tribunal�s extensive factual and legal findings that Russia engaged in egregious conduct and a massive Final Award of damages of over US$60 billion and almost US$70 million in arbitration and legal costs. By any measure, the Yukos arbitration was mammoth.