The case is being heard by the United Nations Commission on International Trade Law in the Hague.
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Yukos Owners Demand Compensation from Government
The owners of former oil giant Yukos plan to demand more than $50 billion in compensation from the Russian Federation
The owners of former oil giant Yukos plan to demand more than $50 billion in compensation from the Russian Federation following disintegration of the company.
The Times reported on Tuesday, Sept. 5, that Yukos? majority shareholder GML, formerly known as Group Menatep, is bringing the Energy Charter Treaty Claim, the world?s largest investment lawsuit, against the Kremlin.
The damages being sought were previously estimated at $30 billion, but The Times has learnt that this is to rise to about $50 billion.
The case is being heard by the United Nations Commission on International Trade Law in the Hague.
The case is being heard by the United Nations Commission on International Trade Law in the Hague.
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