D.C. Circuit Urged To Defer To Dutch Rulings Upholding $57B Awards Against Russia

(May 3, 2024, 1:42 PM EDT) -- WASHINGTON, D.C. — The former majority shareholders of Yukos Oil Co. filed an appellee brief arguing that the District of Columbia Circuit U.S. Court of Appeals should disregard the Russian Federation’s arguments for reversal of the confirmation of arbitral awards against it worth more than $57 billion for lack of jurisdiction, writing that Dutch courts with primary jurisdiction have already upheld the award....