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Yukos v. Russia: Issues and legal reasoning behind US$50 billion awards | Investment Treaty News
2015-01-08 17:43:52 GMT
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"In line with Osborne’s estimate, Loukas Mistelis of the School of International Arbitration at Queen Mary University of London said that it could take 10 to 12 years for the claimants to collect most of the award, but maybe not the entire amount (RFE/RL, 2014)."
Deadline on payment is 15 January 2015, in one week.
"The decision also pleased Tim Osborne, executive director of GML. He emphasized that Russia has 90 days to apply for a set-aside and expects this to go through Dutch courts of all levels. In the meantime, he already has a team committed to locating commercial assets belonging to Russia in the 150 countries party to the New York Convention. His idea is to “have assets earmarked and attached ready for when any set-aside applications are dealt with” (Cave, 2014). He envisions pursuing museum collections exhibited by Russia around the world, planes owned by Russia and sent to air shows, and even assets of Russia’s Central Bank that are used for commercial purposes (Podervyansky, 2014)."
UP: and while @screamager mocks EUR vs CHF, deadline has (almost) passed.
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