Hulley Enterprises Limited (Cyprus) v. The Russian Federation

The PCA acted as registry in this arbitration, which was conducted under the UNCITRAL Arbitration Rules (1976) pursuant to the Energy Charter Treaty (1994), in conjunction with PCA Case No. AA 227 (Yukos Universal Limited (Isle of Man) v. The Russian Federation) and PCA Case No. AA 228 (Veteran Petroleum Limited (Cyprus) v. The Russian Federation).

Case information

Name(s) of Claimant(s) Hulley Enterprises Limited (Cyprus) (Private entity )
Name(s) of Respondent(s) The Russian Federation (State)
Names of Parties -
Case number 2005-03/AA226
Administering institution Permanent Court of Arbitration (PCA)
Case status Concluded
Type of case Investment arbitration
Subject matter or economic sector International investment law
Procedural rules UNCITRAL Arbitration Rules 1976
Treaty or contract under which proceedings were commenced

Multilateral treaty
Energy Charter Treaty (ECT)

Language of Proceeding English
Seat of Arbitration (by Country) Netherlands
Arbitrator(s), Conciliator(s), Other Neutral(s)

The Hon. L. Yves Fortier PC CC OQ QC (Presiding Arbitrator)

Dr. Charles Poncet

Judge Stephen M. Schwebel

Representatives of the Claimant(s)

Professor Emmanuel Gaillard

Dr. Yas Banifatemi

Ms. Jennifer Younan


Representatives of the Respondent(s)

Dr. Claudia Annacker

Mr. Lawrence B. Friedman

Mr. David G. Sabel

Mr. Matthew D. Slater

Mr. William B. McGurn

Mr. J. Cameron Murphy



Mr. Michael S. Goldberg

Mr. Jay L. Alexander

Dr. Johannes Koepp

Mr. Alejandro A. Escobar


Representatives of the Parties
Number of Arbitrators in case 3
Date of commencement of proceeding 2005
Date of issue of final award 18 July 2014
Length of Proceedings More than 4 years
Additional notes -


Award or other decision
Interim Award on Jurisdiction and Admissibility
Final Award
Decision of The Hague District Court (external link)