Hulley Enterprises v. Russia Hulley Enterprises Ltd. v. Russian Federation (PCA Case No. 2005-03/AA226)
Russian Federation
Shareholding in the Russian-incorporated Yukos Oil Company OJSC.
Claims arising out of a series of actions undertaken by the respondent against Yukos Oil Company, including arrests, large tax assessments and liens, and the auction of the main Yukos facilities, among others, which allegedly led to the bankruptcy of the company and eliminated all value of claimant's shares in Yukos.
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
PCA (Permanent Court of Arbitration)
Fortier, L. Y.
Poncet, C.
Kaufmann-Kohler, G. (replaced)
Price, D. M. (replaced)
Schwebel, S. M.
Decided in favour of investor
91200.00 mln USD
40000.00 mln USD
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures
Indirect expropriation
Judicial review by national courts
Judicial review by national courts
Judicial review by national courts
Award/decision set aside in its entirety
Judicial review by national courts