Region: Russian Federation
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
Arbitrations likely after Gazprom halts supplies
Practitioners have weighed in on Gazprom’s “extraordinary” decision to halt gas supplies to Poland and Bulgaria and how it may fare in the arbitrations that are likely to ensue.
27 April 2022
Libyan authority shakes off French attachments
A French court has lifted attachments on assets of the Libyan Investment Authority worth several hundred million euros – following a European Court of Justice ruling that practitioners say is also likely to complicate enforcement against Russian assets.
20 April 2022
US stay on Yukos awards lifted after six years
A US court has ruled that proceedings to enforce the US$57 billion Yukos awards against Russia should resume after a six-year stay, citing concerns that targeting the state’s assets may become more difficult following the war in Ukraine.
14 April 2022
LCIA award doesn’t bind Russian defendants in bank fraud suit
The family of a Russian property tycoon being sued for US$800 million over an alleged banking fraud are not bound by findings of dishonesty in an LCIA award against companies said to be under their control, a UK judge has ruled.
12 April 2022
Ukrainian petrol companies seek to enforce against Russia
Petrol companies linked to Ukrainian businessman Igor Kolomoisky have asked a US court to enforce a previously confidential investment treaty award that held Russia liable for the seizure of their assets in Crimea by paramilitary forces eight years ago.
11 April 2022
Russian state-owned energy group threatens Lithuania
Russian state-owned energy group Inter RAO has threatened Lithuania with a treaty claim.
07 April 2022
Nord Stream 2 case stopped in its tracks by sanctions
The tribunal hearing a Gazprom subsidiary’s US$8 billion Energy Charter Treaty claim against the European Union has agreed to suspend the case after the Russian state-owned company said it was unable to proceed due to sanctions.
04 April 2022
“Freezing and seizing”: can Russia be made to pay?
An event at Paris Arbitration Week hosted by Queritius considered the potential for investors affected by the invasion of Ukraine to bring treaty claims against Russia – and how awards might be enforced.
04 April 2022
Resigning from Russian work: principled stand or public shaming?
A panel at Paris Arbitration Week considered the wave of counsel resignations from Russia-related work in the wake of the conflict in Ukraine, questioning whether those lawyers withdrawing are really taking a principled stand or have other motives.
29 March 2022