On 2 March 2026, the Commercial Court (Bright J) handed down judgment enforcing three Arbitration Awards against the Russian Federation in favour of the former shareholders of Yukos. At c.US$66billion (including interest), this is reputed to be largest judgment ever granted by the Commercial Court.
The judgment can be found here.
David Peters KC and Naomi Hart (together with Jonathan Crow CVO KC and Guy Olliff-Cooper of 4 Stone Buildings) instructed by Ros Prince of Stephenson Harwood LLP acted for the Claimants.
