Ms Ulrike Verboom

Ulrike Verboom

Updates

Arbitration & ADR

Will ruling denying recognition of Yukos bankruptcy affect setting aside of $50 billion UNCITRAL award?
Netherlands | 21 September 2017

The Amsterdam Court of Appeals recently ruled that the Russian liquidation order regarding OAO Yukos Oil Company is contrary to Dutch public order and therefore null and void. An interesting question is whether the judgment will have a bearing in the appeal of the annulment proceedings concerning the $50 billion Energy Charter Treaty arbitration case between former Yukos shareholders and Russia, which is pending before The Hague Court of Appeal.

Swatch/Tiffany setting-aside proceedings: court rules restraint must be exercised in reviewing arbitral decisions
Netherlands | 01 June 2017

The Amsterdam Court of Appeals recently annulled a 2013 Amsterdam District Court decision to set aside a $450 million arbitral award in proceedings between watchmaker Swatch and jeweller Tiffany. The main question for the court of appeals was whether the district court had been correct in holding that the tribunal had exceeded its authority. The judgment, which may be subjected to Supreme Court review, confirms the court's pro-arbitration and enforcement approach.

Insolvency & Restructuring

Amsterdam Court of Appeals denies recognition of Yukos bankruptcy based on public order exemption
Netherlands | 15 September 2017

The Amsterdam Court of Appeals recently ruled that the 2006 Russian liquidation order regarding OAO Yukos Oil Company is contrary to Dutch public order and therefore null and void. The court's reasoning was largely based on a 2014 European Court of Human Rights judgment following a complaint lodged against Russia by the former Yukos shareholders with regard to Yukos's liquidation.