Topic: Russia-Ukraine conflict

A subsidiary of Russia’s Gazprom has been revealed as the target of a set of recent English anti-suit injunction requests by German banks seeking to enforce Paris-seated ICC arbitration clauses.

11 October 2023

The Court of Appeal in London has confirmed that the UK sanctions regime does not prevent courts from entering judgment in favour of sanctioned persons in civil litigation – meaning an US$850 million fraud suit brought by two Russian banks can proceed.

09 October 2023

The UK has invoked the Energy Charter Treaty’s denial of benefits provision to withdraw protections for special categories of Russian investors, including “mailbox” investors and those subject to the UK sanctions regime.

02 October 2023

UPDATED WITH COUNSEL: A Luxembourg company linked to Russian-Israeli billionaire Mikhail Fridman says it has notified Ukraine of a potential investment treaty claim over the “illegal expropriation” of one of the country’s biggest banks – while accusing the state of aggravating the dispute by bringing criminal charges against the businessman.

08 September 2023

CORRECTION: One of Russia’s longest-running arbitral institutions has said it is not affected by recent US sanctions imposed on a separate entity that shares the same name as its parent organisation.

24 August 2023

A law firm advising Rosneft has confirmed the Russian state-controlled energy company is preparing an investment arbitration against Germany over the seizure of oil refinery assets.

17 August 2023

A sanctioned Russian chemicals group says it will pursue international arbitration after Polish authorities seized control of its stake in a local fertiliser producer.

14 July 2023

Finland’s majority state-owned energy company has threatened Russia with an investment treaty claim worth several billion euros after its operations in the country were seized under a presidential decree.

13 July 2023

The co-head of international arbitration at Kyiv firm Asters, Markiyan Kliuchkovskyi, has left the firm to oversee a register of damage caused by the Russian invasion of Ukraine.

04 July 2023

Ukrainian state oil and gas Naftogaz has asked a court in Washington, DC, to enforce its US$5 billion investment treaty award against Russia over assets seized during the annexation of Crimea – putting the award in the public domain.

23 June 2023