Yukos award survives Swedish action

Yukos award survives Swedish action

September 12, 2014, Global Arbitration Review

The articles above reference the Stockholm District Court dismissing the Russian Federation’s jurisdictional challenge to a previous arbitration ruling that ordered Russia to compensate a group of Spanish investors for the losses they suffered when the government expropriated the Yukos Oil Company, one of the largest oil and gas companies in the world. The Spanish minority shareholders were represented by Covington partners Marney Cheek and Jonathan Gimblett.