Topic: Russia-Ukraine conflict

A US court has refused to dismiss a bid by Ukraine’s largest private energy company to enforce a US$267 million treaty award against Russia over the expropriation of its Crimean assets.

22 April 2025

Russia has reportedly asked its own courts to restrain a German oil and gas producer from pursuing an Energy Charter Treaty claim on pain of a €7.5 billion penalty, while seeking to have the arbitrators and the investor’s German law firm held jointly liable if the arbitration proceeds.

17 April 2025

Ukraine’s Naftogaz says it has taken a “first step” towards seizing Russian state-owned assets in France to satisfy a US$5 billion investment treaty award – while in a separate dispute it is hit with a billion-dollar penalty by a Russian court over its failure to halt an ICC arbitration. 

17 April 2025

The UK’s Office of Financial Sanctions Implementation (OFSI) has issued a general licence allowing payments to arbitrators and arbitral institutions from parties subject to the country’s Russia and Belarus sanctions regimes.

16 April 2025

A Russian court has upheld injunctions obtained by a Gazprom affiliate in a long-running dispute with UniCredit over unpaid bonds that has led to conflicting decisions between the Russian and UK courts.

10 April 2025

A Swedish company says it is considering a potential arbitration against Russia over the seizure of gas assets in the Black Sea, after its Ukrainian partner won a claim over the same assets.

27 February 2025

A Swedish court has said it will seek a preliminary ruling from the Court of Justice of the European Union over the interpretation of the “no claims” provision in the EU’s Russia sanctions regulation.

06 December 2024

A Swedish court has rejected Ukraine’s challenge to a jurisdictional award that found a Russian state development corporation qualifies as an “investor” under a bilateral investment treaty.

04 November 2024

An American academic’s vote in favour of criticism of Russian “aggression” in Ukraine and comments about sanctions made during a webinar weren’t sufficient at this stage to disqualify him from hearing an ICSID case relating to Ukrainian sanctions on Russian nationals, a newly published challenge decision confirms. 

29 October 2024

The Hong Kong Court of First Instance has restrained a Russian state-owned bank from pursuing litigation in St Petersburg against its German subsidiary in defiance of an HKIAC arbitration clause. 

15 October 2024