Tribunal Orders Russia To Pay Spanish Investors For Losses Associated With Yukos

STOCKHOLM, Sweden - An arbitration award issued in Sweden was released July 25 in which a tribunal awarded damages to a group of Spanish investors, finding that the Russian government expropriated their investment when it issued illegitimate tax bills and undertook certain enforcement actions that resulted in the seizure of the Yukos Oil Co. (Quasar de Valores SICAV S.A., et al. v. The Russian Federation, Stockholm Chamber of Comm.). Subscribers may view the award available within the full article.

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