Topic: Russia-Ukraine conflict

Valuation in a time of uncertainty

A conference in Prague considered how arbitrators and quantum experts should deal with the impact of sanctions, counter-sanctions and high inflation. Tatiana Rukhliada, Martin Kozak and Katerina Skryjova of PwC in Prague report.

23 September 2022

Russia wins appeal over Dutch representation

A Dutch court has ruled that the dean of the Hague Bar was wrong to refuse to appoint replacement legal representation for Russia in various set-aside proceedings after the state’s original counsel resigned following the outbreak of war in Ukraine.

21 September 2022

Rosneft threatens Germany over refinery seizures

Rosneft has threatened to bring a claim against Germany after the state seized control of oil refinery assets worth €4.6 billion to shore up energy supplies.

20 September 2022

Naftogaz brings ICC claim against Gazprom

Ukraine’s state-owned oil and gas company Naftogaz says it has launched an ICC claim against Gazprom over its failure to pay for gas transportation following the Russian invasion of the country.

12 September 2022

Ukraine denies benefits of ECT to Russian investors

UPDATED: Ukraine has invoked the Energy Charter Treaty’s denial of benefits provision to refuse protection to Russian-owned investments, as the state is threatened with a potential claim over the seizure of assets belonging to a chain of petrol stations.

22 August 2022

Force majeure issues in today’s gas market

Michelle Bock, Max Rockall, George von Mehren and Stephen Anway of Squire Patton Boggs consider issues of force majeure in the context of Gazprom’s sharp reduction in supplies of gas to Europe.

27 July 2022

EU confirms arbitration carve-out in sanctions regime

Arbitral institutions have welcomed a clarification by the European Union that transactions with Russian state-owned entities are exempt from its sanctions regime where they are strictly necessary to ensure access to arbitral proceedings.

26 July 2022

Uniper to withdraw ECT claim as part of German bailout

Uniper says it has agreed to withdraw a controversial Energy Charter Treaty claim against the Netherlands over climate change legislation as a condition of a €15 billion bailout from the German government, as the company struggles to cope with the steep drop in supplies of Russian gas.

25 July 2022

Russia loses challenge over lack of “reputable” counsel

Russia has failed to disqualify a tribunal hearing a Crimea-related treaty claim that refused to grant a six-month stay after the state’s counsel resigned, despite its argument that no new “reputable or experienced” representatives were immediately available.

22 July 2022

Russian state entity plans claim over Finnish nuclear project

Russian state entity Rosatom is preparing to launch an arbitration against a Finnish company that cited the war in Ukraine when it terminated a contract for work on a €7 billion nuclear power plant project.

22 July 2022

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