News | March 2017
GAR Award for Most Important Published Decision
On 29 March 2017, the Global Arbitration Review (GAR) Award for Most Important Published Decision went to the setting aside judgment of the District Court in The Hague in the Yukos Cases. In this April 2016 judgment, the Court annulled six Energy Charter Treaty arbitral awards ordering the Russian Federation to pay US$ 50 billion to former majority shareholders in the Yukos Oil Company on jurisdictional grounds. The team representing the Russian Federation in what has been named “a spectacular reversal of fortune for Russia” was led by Professor Albert Jan van den Berg.