four. The difficulty whether the actions of Respondent should be considered as expropriations underneath the United kingdom-Soviet BIT is transferred into the deserves section of this arbitration. fifty three. The Respondent’s argument is premised to the mistaken perception that the worth of Claimant’s Yukos shares must be based on reference

" The next pressured individual bankruptcy, seizures of Yukos’ remaining assets, and the ’ sale of These belongings at auction in excess of the study course of 2007 done the expropriation. When the dust settled, the Russian Federation had bankrupted and liquidated Yukos, and state- j owned Rosneft was in possession of practically all of Yukos�