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3rd, the damages Claimant seeks are dependant on an Investigation at odds With all the statements in Claimant’s Reply that Yukos' tax assessments were not by themselves expropriatory actions. As being the supplemental qualified report of Professor James Dow reveals, LECG’s calculation of damages, on which Claimant relies, is predicated on the identical "retroactive" tax statements that RoslnvestCo now acknowledges did not constitute acts of expropriation and, in almost any occasion, happened properly in advance of Claimant initial obtained an financial desire from the Yukos shares,

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Rebgun as interim supervisor on the bankruptcy proceedings who immediately applied for and was granted an injunction to stop Yukos from entering into transactions over a certain threshold devoid of Mr Rebgun’s consent. In the whole process of proceedings before a United states of america personal bankruptcy court docket and Dutch courts which the interim manager had instigated to avoid Yukos from dealing in its international belongings, Yukos properly negotiated a consent purchase that expected the, interim supervisor to post a administration money rehabilitation proposal creditors ahead of time with the scheduled creditors’ Conference. The proposal demonstrated Yukos was equipped to carry on for a rewarding business supplied that Yukos could continue on to problem the US$ 11.five billion tax assessments which ended up the subject of pending appeals. (¶¶l47 - 148 C-I)

Due to the fact Claimant did not generate a secured expenditure till March 2007, if in the least, RosInvestCo has abandoned its claim which the tax assessments were by themselves expropriatory actions. Claimant has as a substitute attempted to argue which the tax assessments had been simply the "pretext" for Respondent’s alleged expropriation of Yukos' property. So as to verify the tax assessments were being a sham or pretext, Claimant will have to fulfill a substantial regular of proof - a "demanding" just one, As outlined by Claimant.

• The Russian court choices complained of don't them selves total to steps tantamount to expropriation, and in any occasion, didn't result in a complete or significant deprivation of Claimant’s shareholding, nor were any with the tax assessments or relevant enforcement actions or individual bankruptcy proceedings, all of which were being upheld by Russian court conclusions, expropriatory. [].

To aid that elements may be taken out and copies is usually designed, submissions of all documents which include statements of witnesses and authorities shall be submitted divided from Briefs, unbound in 2-ring binders and preceded by a list of such files consecutively numbered with consecutive numbering in later on submissions (CM-1, CM-2 etc.

three. Posting five.one of the united kingdom-Soviet Little bit expresses the settlement of the uk and the USSR that investments shall not be expropriated, apart from a purpose in the general public interest that is not discriminatory and in opposition to the payment of prompt and productive payment.

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271. The Tribunal notes that its conclusions pertaining to https://rosinvest.com liability inside the current scenario will not depend on these two achievable interpretations, due to the fact - as might be seen later on in this award - its conclusion on liability will never contemplate an expropriation By means of taxation, but relatively an expropriation by a cumulative combination https://rosinvest.com of actions of Respondent of which taxation is only one. For that reason, to the existing case, this discussion on the MFN challenge turns out to be irrelevant to the final conclusions arrived at by this Tribunal, (F) Can the Tribunal evaluation Russian Court docket choices? 272. The Tribunal agrees with Respondent that it can not work as an enchantment court docket on Russian court docket selections.(¶¶l305 et seq R-I) Nevertheless, the next must be taken into consideration; 273. It is actually broadly accepted, and the Tribunal agrees which https://rosinvest.com the conventional of Worldwide law includes the security from what is mostly considered as the Worldwide delict of denial of justice. Hence, the obligation offered for in Report five(one) IPPA for measures which could be deemed expropriatory implies that there is also no discrimination or using without payment by denial of justice. 274. On just one hand, with regards to legal responsibility under Intercontinental regulation and specifically the IPPA, The 2 requirements are synonymous with regards to functions of courts due to the fact no aid is furnished by the IPPA for a difference involving various organs of the point out and notably amongst acts of courts and functions of other State entities. But, on the other hand, one particular could have to take into consideration the different capabilities held by administrative organs and judicial organs of a state and the resulting variations of their discretion when applying the regulation and in the appeals offered towards their selections. In watch of those precise areas of the carry out of nationwide courts, the particular standards for denial of justice are already formulated in international legislation.

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- the alleged infringement of Yukos’ because of procedure legal rights with respect towards the court proceedings concerning the Tax Assessment for Year 2000; and

The main target of Respondent’s steps was Plainly on Yukos irrespective of its domestic or international shareholders.

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