Tag Archives: Post-award interest

Privy Council confirms that an arbitrator’s power to award interest is a function of the law of the seat

In the recent judgment of National Housing Trust v YP Seaton & Associates Co Ltd ([2015] UKPC 43), the Judicial Committee of the Privy Council (the "Privy Council") found that an arbitrator's award of compound interest should be set aside … Continue reading

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Filed under Awards

The largest Arbitration Awards in history: Three Majority shareholders in Yukos awarded total damages of over $50bn from the Russian Federation

On 18 July 2014, the Claimants in three related arbitrations administered under the 1994 Energy Charter Treaty and the 1976 UNCITRAL Arbitration Rules prevailed against the Russian Federation. ┬áThe Claimants[1] were former shareholders of the OAO Yukos Oil Company (“Yukos”), … Continue reading

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Filed under Costs, Damages, Europe, Investment Arbitration

“A Delicate Matter”: English Court considers enforcement of awards set aside by the courts of the seat and ability to claim post-award interest in those circumstances

In the case of Yukos Capital SARL v OJSC Rosneft Oil Company [2014] EWHC 2188 (Comm) the English Court considered two preliminary issues relating to the long-running dispute between Yukos Capital SARL (“Yukos Capital”) and OJSC Rosneft Oil Co. (“Rosneft”). … Continue reading

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Filed under Enforcement, Enforcement - Europe, Europe, New York Convention