A panel of three arbitrators sitting in The Hague has cleared a path for the world's largest-ever arbitration claim against a government to proceed to a hearing on the merits, according to The New York Times. Under the ruling, the panel found that Russia is bound by the terms of an international energy treaty designed to provide security to foreign investors in the then newly opened USSR.
Report: Shearman & Sterling Wins Round for Yukos Shareholders
The American Lawyer
December 4, 2009