Work Area: Sanctions
Czech energy group declares win against Gazprom
Czech energy group CEZ says it has won more than €42 million in an ICC claim against Gazprom’s export arm over its curtailment of gas supplies following Russia’s full-scale invasion of Ukraine.
26 February 2025
Dutch lender makes good on threat against Ukraine
A Dutch lender has launched an ICSID claim against Ukraine over the state’s takeover of one of the country’s biggest banks.
18 February 2025
European banks seek to reverse injunctions against Gazprom venture
Italy’s UniCredit has asked a UK court to lift an anti-suit injunction it won against a Gazprom joint venture because it faces “potentially draconian financial consequences” in parallel proceedings in Russia – and says two other European banks have made similar applications.
06 February 2025
French uranium investor brings second claim against Niger
A French state-owned nuclear fuels company has filed a second claim against Niger over its uranium mining investments – having already filed a case against the state over a separate project.
22 January 2025
Former Gazprom unit settles with Indian state entity
India’s state-owned gas company GAIL says that a former Gazprom unit has agreed to pay US$285 million to end their LCIA dispute over disrupted LNG supplies.
16 January 2025
Russian courts to reconsider whether Norway immune from BIT claim
A Russian court will reconsider whether it can hear a sanctioned businessman’s US$27 million investment treaty claim against Norway, after an appeal court found that the principle of reciprocity may limit the state’s immunity.
20 December 2024
Russian court restrains German bank’s ICC claim
A Russian court has ordered Germany’s Commerzbank to withdraw a €95 million ICC case against a Gazprom affiliate over a guarantee for a gas plant project and seek to overturn an English anti-suit injunction issued in support of the arbitration.
11 December 2024
Swedish court consults CJEU over Russia sanctions
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
Barclays halts Russian bank's LCIA claim
The Commercial Court in London has ruled that a Russian state-owned bank’s US$150 million claim against Barclays should be heard in the English courts rather than LCIA arbitration.
03 December 2024
Delaware court to overhaul Citgo sale process
The Delaware court overseeing the auction of Venezuela’s US refinery business Citgo Petroleum is set to overhaul the process after the country’s arbitral creditors refused to support a proposed US$7 billion sale.
02 December 2024