Work Area: Sanctions
US arbitrator challenged in ICSID case against Ukraine
A Luxembourg company part-owned by sanctioned Russian nationals has applied to disqualify US academic Sean Murphy from hearing its billion-dollar ICSID claim against Ukraine over a bank nationalisation.
11 April 2024
EU Commission proposes invoking ECT’s denial of benefits clause
The European Commission has proposed that the EU should invoke the Energy Charter Treaty’s denial of benefits clause to withdraw protections for Russian and Belarusian investors.
10 April 2024
Russia adds Lucy Reed to sanctions list
Russia appears to have added prominent arbitrator Lucy Reed to a list of US citizens subject to sanctions following her election to the board of the Register of Damage for Ukraine.
20 March 2024
Uniper hit with Russian court injunction
A Russian court has ordered German state-owned utility Uniper to call off a Stockholm-seated arbitration against Gazprom over curtailment of gas supplies or pay a penalty of €14.3 billion.
19 March 2024
Russian court restrains Czech arbitration against Gazprom
A Russian court has ordered a Czech state-owned gas transporter to halt a Prague arbitration against Gazprom’s exports arm or face a €113 million penalty.
07 March 2024
Sanctioned Russian company wins Vietnamese power plant dispute
UPDATED. A sanctioned Russian engineering company has won more than US$500 million in a SIAC arbitration with Vietnam’s national oil and gas company, after defeating a much larger counterclaim.
12 February 2024
Belgium risks treaty claims over Russian asset freezes
UPDATED: Belgium says it has been threatened with treaty claims over the billions of dollars in Russian assets that have been frozen in the country since Russia’s invasion of Ukraine.
18 January 2024
Ukraine hit with billion-dollar claim over bank takeover
A Luxembourg company linked to Russian-Israeli billionaire Mikhail Fridman has made good on its threat to file an investment treaty claim against Ukraine – seeking over US$1 billion for the “illegal expropriation” of one of the country’s biggest banks.
04 January 2024
US appeals court enforces ICSID award against Venezuela
A US appeals court has upheld the enforcement of two tortilla flour producers’ US$626 million award against Venezuela, finding that it could not second guess an ICSID annulment committee’s refusal to recognise counsel designated by the country’s government-in-exile.
14 December 2023
Indian state utility pursues former Gazprom unit
India’s state-owned gas company GAIL has filed a US$1.8 billion LCIA claim against a former Gazprom unit for failing to supply contracted cargoes of LNG.
04 December 2023