Enforcement and State Immunity: The Yukos Arbitration

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What happens after an arbitral award has been rendered? Can an award be invalidated? How are arbitral awards enforced? This week, we will see how a ‘valid’ decision can be rendered and what the parties who are dissatisfied with a decision can or cannot do. More specifically, you will learn about the aftermath of the Yukos Arbitration, an investment arbitration that perfectly illustrates the interplay between state immunity and the enforcement of arbitral awards.

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