On 28 October 2005 Rosinvestco UK Ltd commenced arbitration against the Russian Federation based on the Agreement between the Government of the United Kingdom and the Government of the USSR for the Promotion and Protection of Investments signed in London on 6 April 1989 (the ‘BIT’). The BIT entered into force on 3 July 1991 following an exchange of notes between the United Kingdom and the USSR. The claimant was a minority shareholder in Yukos Oil Corporation OJSC (‘Yukos’). In the arbitration the Claimant seeks compensation from the Russian Federation for the loss...
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