Yukos Universal Limited v Russian Federation, Interim Award on Jurisdiction and Admissibility, PCA Case No AA 227, IIC 416 (2009), 30th November 2009, Permanent Court of Arbitration [PCA]

1. Three shareholders of Yukos Oil Corporation OJSC (“Yukos”)—Hulley Enterprises Limited (“Hulley”), a company organized under the laws of Cyprus, Yukos Universal Limited (“YUL”or “Claimant”), a company organized under the laws of the Isle of Man, and Veteran Petroleum Limited (“VPL”), a company organized under the laws of Cyprus (collectively, “Claimants”)—initiated arbitrations against the Russian Federation (“Respondent,” “Russian Federation” or “Russia”) which together with Claimants constitute the “Parties.”2. The three arbitrations were heard in parallel...