Region: Russian Federation

Uniper brings claim against Gazprom

Germany’s Uniper says it has initiated a Stockholm arbitration against Gazprom, claiming damages of at least €11.6 billion for the curtailment of gas supplies in the wake of Russia’s war in Ukraine.

30 November 2022

Gazprom sheds light on dispute with Finnish gas buyer

Gazprom has provided more details about an award issued in an arbitration with a Finnish state-owned gas importer, saying the tribunal ruled the Russian company is owed over €300 million and was entitled to cut off supplies owing to force majeure.

17 November 2022

Deripaska fails to revive treaty claim against Montenegro

A Swedish court has denied a bid by sanctioned Russian oligarch Oleg Deripaska to revive a €600 million claim against Montenegro – rejecting arguments the state had succeeded to a bilateral investment treaty signed by the former Yugoslavia.

11 November 2022

Russian steel producer wins set-aside bid in Sweden

In a rare example of an annulment in the Swedish courts, the operator of a Russian steel plant has won the partial set-aside of a Stockholm Chamber of Commerce award in a US$200 million dispute with a Chinese engineering contractor.

08 November 2022

PDVSA may face multibillion claim over joint venture

UPDATED: Executives at a Dutch company say they are considering potential arbitration claims worth billions of dollars against PDVSA after the Venezuelan state entity expropriated their interest in a joint venture.

08 November 2022

Will Exxon bring a claim against Russia?

ExxonMobil says it is reserving its right to pursue arbitration against Russia over the “expropriation” of its interest in a multibillion-dollar oil and gas project.

02 November 2022

UK eases legal fee rules for sanctioned Russians

UK financial sanctions agency OFSI has simplified the process for lawyers accepting payments from clients on Russian and Belarusian sanctions lists.

01 November 2022

UK judge lifts stay of Yukos enforcement action

An English judge has agreed to lift a stay of proceedings brought by the former majority shareholders of Yukos Oil Company to enforce awards worth over US$50 billion against Russia, for the “sole purpose” of deciding on the state’s jurisdictional defence.

26 October 2022

White & Case withdraws as counsel to Belarus in ICSID case

Months after White & Case announced it would cease acting for Russian and Belarusian state clients in response to the invasion of Ukraine, the law firm has withdrawn as counsel to Belarus in one ICSID case but remains on the record in another.

24 October 2022

LCIA gets exemption from Russia and Belarus sanctions

The London Court of International Arbitration has been granted a general licence allowing it to process payments from parties subject to the UK’s recent financial sanctions against Russia and Belarus to cover their arbitration costs.

17 October 2022

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