Employees of the Russian oil company Yukos working at an oil well in the Tyumensk region of Russia in August 2003.
Employees of the Russian oil company Yukos working at an oil well in the Tyumensk region of Russia in August 2003. (Photo by Alexander Korolkov)

The $50 billion ruling against Russia is certainly the largest in arbitration history. And it may stand as the largest litigation victory ever. Here’s everything you need to know about the world’s most high-stakes business dispute.

Yukos Majority Shareholders Hit a $50 Billion Gusher
A tribunal in The Hague held the Russian Federation liable for $50 billion, finding that it bankrupted the country’s largest oil producer to plunder the company’s assets.

Shearman’s Winning Yukos Strategy
When they brought a $114 billion claim against Russia to trial, Yukos’ lawyers decided to let the facts speak for themselves.

The Global Lawyer: On Money, Justice and Yukos
Legally, the Yukos oligarchs deserve their $50 billion. Morally, it’s murky.

The Winners (and Who Gets What)
However you slice it, $50 billion is an astonishing sum. These are the players who stand to benefit most from the historic Yukos award—assuming Russia can be forced to pay up.

Timeline: The Fight for Yukos, 1995-2014
A chronology of events leading up to Yukos’ record win.

CHARTS

Largest Litigation Results of All Time
Largest Arbitration Awards of All Time
Largest Investor-State Awards of All Time

FROM THE ARCHIVES

Yukos and its $100 Billion Trial Balloons, July 29, 2012
Chevron, Yukos and Two Lifetimes of Litigation, October 3, 2011
Can a Dead Oil Company Still Hit a Gusher, July 1, 2010
Russia and the European Court of Human Rights, July 1, 2009
The Three Faces of Yves Fortier, August 1, 2007
Yukos Investors are Searching for Justice, June 1, 2005