In July 2014, Permanent Court of Arbitration in The Hague ruled the Russian government deliberately bankrupted Yukos to seize its assets and ordered it to repay Yukos shareholders a sum of roughly $50 billion. Roughly 30,000 former Yukos employees were to receive a large pension from the government. As of January 2015 the Russian government has not made any payments to Yukos shareholders or employees. On 20 April 2016 the District Court of The Hague quashed the decisions of the Permanent Court of Arbitration, ruling that it had no jurisdiction as provisional application of the Energy Charter Treaty arbitration clause violated Russian law.
