Ex-Yukos Investors Want $50B Russia Award Case To Proceed

By Khorri Atkinson (December 20, 2021, 5:10 PM EST) -- Former Yukos shareholders are pushing a D.C. federal court not to pause litigation to enforce $50 billion in arbitral awards against Russia as they await a ruling from the Netherlands on the awards' validity, saying Russia's sovereign immunity defense must be resolved immediately.

The investors in a brief Friday rebuked Russia's argument earlier this month that a Dutch Supreme Court's early November decision sending the case to a lower court to reconsider a procedural issue has left the seven-year-old award unenforceable, at least for now.

They explained that the district court previously paused its consideration of Russia's immunity defense pending the...

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