Dagelijks archief: juli 3, 2015

Enforcing the Yukos arbitral award: overcoming the state immunity defense


Yukos-Logo_lat.svg (1)Recently, it was reported that bank accounts belonging to the Russian Federation had been frozen in Belgium and France after requests to this effect from shareholders of the now defunct Yukos corporation, which had been dismantled by Russia in 2001 (The Economist). Belgian authorities rather swiftly lifted the enforcement measures following fierce Russian protests and threats of retaliation. This post is in favor of taking creditors’ interests seriously, and recommends limiting the circumstances in which the state could invoke immunity from execution. Lees verder