Swedish Court Finds Tribunal Lacked Jurisdiction Over Yukos-Related Arbitration
(February 1, 2016, 1:01 PM EST) -- STOCKHOLM — The Svea Court of Appeal in Stockholm, Sweden, on Jan. 18 reversed a decision that affirmed an arbitration tribunal's award that it had jurisdiction under a bilateral investment treaty to hear claims asserted by a group of Spanish investment funds against the Russian Federation in relation to the expropriation of their stake in Yukos Oil Co. (The Russian Federation v. GBI 9000 SICAV S.A., et al., No. T 9128-14, Svea App.).
Spain and the Soviet Union entered into a bilateral investment protection...