Award against Ukrainian oligarch upheld in London
Ukrainian businessman Rinat Akhmetov (Credit: wikicommons/Михаил Масловский)
The English Commercial Court has dismissed a challenge to a US$820 million LCIA award against a company owned by Ukrainian oligarch Rinat Akhmetov – rejecting suggestions that the tribunal’s failure to await the outcome of court proceedings in Ukraine before issuing it constituted a serious irregularity.
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