OAO Neftyanaya Kompaniya Yukos v. Russia (Eur. Ct. H.R.)

Abstract

On July 31, 2014, the European Court of Human Rights (ECtHR) rendered its final decision on a claim brought by the liquidated Russian company OAO Neftyanaya Kompaniya Yukos (Yukos) against the Russian Federation (Russia), a decision that is the last in a series of three decisions in this case relating respectively to the admissibility of the application, the merits, and just satisfaction.A couple weeks prior to the ECtHR’s decision, three arbitral tribunals established under the auspices of the Permanent Court of Arbitration (PCA) and functioning under the UNCITRAL Arbitration Rules had issued their final awards based on claims brought by three former shareholders of Yukos under the Energy Charter Treaty. The dispute, while brought by the shareholders of Yukos, in essence is the same as the one brought by Yukos against Russia before the European Court of Human Rights.