Law firms Shearman & Sterling secures historic $50bn arbitration award in epic Yukos dispute Tom Moore · 28 July 2014 · 4 min read A&O Shearman Baker Botts Cleary Gottlieb Russia has been ordered to pay $50.08bn to the majority shareholders in Yukos Oil Company, once Russia’s largest oil producer, by an arbitral tribunal sitting in The Hague under the auspices of the Permanent Court of Arbitration (PCA).Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact [email protected] Related ContentMore in this categoryLatham, A&O Shearman and WBD take honours at Legal 500 UK ESG AwardsLaw firmsKate Peacock1 May 2026World class: new research showcases the international elite in key practice areasLaw firmsNews Editor29 Apr 2026Freshfields concludes redundancies in Manchester, with around 20 paralegals axedLaw firmsKate Peacock24 Apr 2026Revolving doors: Simpson Thacher, Latham, Sidley lead New Year London movesLaw firmsAnna Huntley9 Jan 2025‘Seize every opportunity’ – Paul Hastings partner Reena Gogna on City law, Suits and poetryLaw firmsAnna Huntley7 Jan 2025Five partners vie to succeed Hoyland as Simmons managing partnerLaw firmsTom Cox7 Jan 2025Former Freshfields senior partner among recipients in New Year Honours ListLaw firmsTom Cox2 Jan 2025Kramer Levin’s Paris office joins Morgan Lewis amid HSF merger dealLaw firmsTom Cox20 Dec 2024Cleary and White & Case switch on for Canal+ £2.5bn IPO in LondonLaw firmsElisha Juttla19 Dec 2024