Region: Russian Federation
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it would cease acting for Russian and Belarusian state clients in response to the invasion of Ukraine, the law firm has withdrawn as counsel to Belarus in one ICSID case but remains on the record in another.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
Yukos shareholders to auction Russian vodka trademarks
The former Yukos majority shareholders are preparing to auction off seized trademarks to “iconic” Russian Vodka brands in the Netherlands, as they seek to cash in on their US$50 billion awards against the state.
11 October 2022
Ukraine pushes for war claims commission
Ukraine is petitioning the United Nations to create a commission to resolve claims against Russia for financial damages arising out of the war – amid speculation that some US$300 billion in frozen Russian central bank assets could be targeted for enforcement.
10 October 2022
Swiss court upholds multibillion-dollar Yukos award
UPDATED: The Swiss Supreme Court has upheld a multibillion-dollar award issued against Russia in one of the second wave of Energy Charter Treaty cases relating to the collapse of Yukos.
07 October 2022
Rosatom settles ICC dispute over Turkish project
Russian state-owned company Rosatom has agreed to settle a dispute over a Turkish nuclear power project that saw it face three ICC arbitrations worth a combined US$5 billion.
04 October 2022
Ukraine war will fuel energy disputes, hears GAR Live
A panel at GAR Live Energy Disputes in Edinburgh considered the increasingly volatile global energy market resulting from the war in Ukraine, including the resurgence of fossil fuel and potential investment treaty claims.
29 September 2022