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Enforcement for Justice
There is no justice without successful enforcement.
The time for enforcement has come
Yukos Oil was once Russia’s largest and most forward-thinking energy company — a privatised giant transformed through investment, transparency and Western-standard governance into an engine of growth employing 100,000 people across 50 regions. In 2003, President Putin moved to destroy it.
The courts were bent to the Kremlin’s will. Russia has refused to pay a single cent. GML is now pursuing enforcement across multiple jurisdictions. Real justice requires real consequences. Enforcement is how that happens.
What happened
Yukos Oil was Russia’s largest and most successful private energy company. In 2003, the Kremlin jailed its CEO on fabricated charges, bankrupted the company through fraudulent tax demands, and funnelled its assets to state-owned Rosneft. It was one of the most brazen acts of state expropriation in modern history.
What happened
Yukos Oil was Russia’s largest and most successful private energy company. In 2003, the Kremlin jailed its CEO on fabricated charges, bankrupted the company through fraudulent tax demands, and funnelled its assets to state-owned Rosneft. It was one of the most brazen acts of state expropriation in modern history.
What happened
Yukos Oil was Russia’s largest and most successful private energy company. In 2003, the Kremlin jailed its CEO on fabricated charges, bankrupted the company through fraudulent tax demands, and funnelled its assets to state-owned Rosneft. It was one of the most brazen acts of state expropriation in modern history.
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From private success to state expropriation
How enforcement works
How a privatised energy company became the Kremlin's target, and why its former shareholders are still fighting for justice.
1
What is enforcement?
The legal process of converting an arbitral award into an enforceable judgment in a national court.
2
Why does enforcement matter?
Without it, even the largest award in history remains a piece of paper. Enforcement gives it teeth.
3
How does enforcement work in practice?
Courts in signatory states to the New York Convention are required to recognise and enforce foreign arbitral awards — just as they would domestic ones.
4
What is at stake?
More than $65 billion. And a precedent that shows no state is above the law.
Explore assets
An arbitral award is only as powerful as the willingness to enforce it. When a state refuses to comply, the law provides a mechanism — but it takes determination to use it.
Euroclear-Held Russian Central Bank Securities — Interest Accrual
Proceedings Filed
€750 million
Central Bank of the Russian Federation
Approximately €210 billion in Russian sovereign assets are immobilised at Euroclear in Belgium following international s…
Key date: 7 January 2024Rosneft Deutschland GmbH — PCK Refinery Stake
Proceedings Filed
€1.2 billion
Rosneft Deutschland GmbH (subsidiary of PJSC Rosneft, state-controlled)
Rosneft Deutschland GmbH's 54.17% stake in the PCK Schwedt refinery — Germany's largest crude oil processing facility —…
Key date: 10 January 2024Stolichnaya & Moskovskaya Vodka EU Trademarks
Identified
€1.6 million
FKP Soyuzplodoimport
Eighteen registered EU trademarks for iconic Russian vodka brands — including Stolichnaya, Moskovskaya, and Starka — wer…
Key date: 3 August 2026Explore the legal library
Filed
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Served
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Served
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Confidential
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