Region: Russian Federation

Ukraine’s claim against Russia over detained vessels clears hurdle

A United Nations tribunal says it will hear Ukraine’s claim against Russia over three Ukrainian naval vessels and their servicemen that were detained in waters adjacent to Crimea four years ago.

30 June 2022

Yukos shareholders win appeal over Russian vodka assets

The former majority shareholders of Yukos have secured a reversal in the Dutch courts allowing them to seize the Benelux trademarks of two “iconic” Russian-owned vodka brands, as they look to cash in on their US$50 billion awards against the state.

28 June 2022

Russia will represent itself in Canadian Yukos action

Russia has said it intends to represent itself in a Canadian set-aside proceeding relating to a US$700 million Energy Charter Treaty dispute over the collapse of Yukos following the withdrawal of its local counsel – as GAR confirms the law firm defending the state in the arbitration has also withdrawn.

06 June 2022

Ukraine’s richest man warns of claim against Russia over Mariupol siege

Ukrainian oligarch Rinat Akhmetov says he plans to bring a claim against Russia potentially worth US$20 billion over the destruction of his steel plants during the siege of Mariupol.

27 May 2022

Naftogaz signals new claim against Gazprom over transit fees

Ukraine’s state-owned oil and gas company Naftogaz has launched a pre-arbitration procedure against Gazprom for underpayment of gas transit fees, also suggesting it may seek to revive a US$12.2 billion claim that was settled more than three years ago.

27 May 2022

Polish utility brings fresh claim against Gazprom

Polish state gas company PGNiG says it has launched a fresh arbitration against Gazprom concerning interest on overpayments for gas supplied over a six-year period.

19 May 2022

Gazprom faces first arbitration over roubles demand

Finland’s state-owned gas company has said it is bringing an arbitration against Gazprom’s export arm – the first reported case arising from Russia’s demand that gas supplies be paid for in roubles.

18 May 2022

Russian state banks warn of claims against Ukraine

Two Russian state-owned banks have said they will pursue international arbitration against Ukraine after its parliament approved measures allowing for the seizure of their assets.

12 May 2022

Gas payment issues in Europe: what are the next steps?

Squire Patton Boggs partners Michelle Bock, Max Rockall, Stephen Anway and George von Mehren consider the options available to European importers of Russian gas in the wake of President Putin’s decree that supplies should be paid for in Russian roubles.

11 May 2022

Will US face treaty claims over oligarch measures?

US President Joe Biden’s proposals to make it easier to sell off assets of Russian oligarchs in response to the war in Ukraine could lead to investment arbitrations against the United States, but practitioners are doubtful that such claims would succeed.

29 April 2022

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