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Emmanuel Gaillard said the ruling of Permanent Court of Arbitration in The Hague was a mega-arbitration.
The court ruling obliges Russia to pay $39.97 billion to Hulley Enterprises, an offshore firm that acted as a plaintiff in a lawsuit against Russia to defend the interests of former Yukos shareholders.
Permanent Court of Arbitration in The Hague has also ordered Russia to pay $1.89 billion to Yukos Universal, another offshore company that acted as a plaintiff in the Yukos case against Russia.
The Veteran Petroleum fund acting in the interests of former Yukos shareholders is due to receive another $8.2 billion from Russia.