Court decision invalidating yukos capital
Rosneft paid the principal sum under the Awards in August 2010.Yukos Capital then sought to recover interest of over US0 million through enforcement of the Awards in the English Court.
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Whether the annulment decisions setting aside the Awards were “partial and dependent” had been decided under Dutch public policy.
The Court of Appeal found that the act of state doctrine did not bar any part of Yukos Capital’s case, providing helpful clarification on the doctrine’s limitations.
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