Next Steps
The district court will now reexamine whether the FSIA’s arbitration exception applies by scrutinizing whether Russia legally consented to arbitration. The outcome could have significant implications for the enforceability of investor-state arbitration awards against sovereign nations.
Judges on the panel: Chief Judge Sri Srinivasan, Judge Neomi Rao, and Judge Robert L. Wilkins.
Counsel:
-
Russia: David P. Riesenberg, Pinna Legal US PLLC
-
Yukos shareholders: Steven M. Shepard, Susman Godfrey LLP
Case: Hulley Enterprises Ltd. et al. v. Russian Federation, No. 23-7174, U.S. Court of Appeals for the D.C. Circuit
