Arbitration in the Hague is preparing a decision on the two claims of Ukrainian companies against Russia due to the annexation of the Crimea
The permanent court of Arbitration Tribunal may soon make a decision on the claims against Russia, which initiated the Ukrainian oil company “Ukrnafta” and Stabil because of the confiscation of petrol stations in the Crimea.
This writes the Global Arbitration Review.
The hearing took place almost at the time when there were trials on the claims of businessman Igor Kolomoisky and “Airport “Belbek”, “PrivatBank”, “Financial company Fenelon” in July 2016 before the arbitral Tribunal composed of Gabrielle Kaufmann-Kohler, Daniel Pryce and Brigitte stern.
The third arbitral Tribunal composed of Andres Rigo Sureda, Michael Risman and Rolf Kniper is considering the case against Russia brought by a group of real estate companies headed by Everest Estate. This thing has moved less than the other because a hearing was held in December.
The interests of “Ukrnafta”, Stabil and Everest Estate is the international firm Hughes, Hubbard & Reed without the participation of Hober. There are two other cases of a similar nature, which are considered the Permanent court of arbitration with the participation of the various legal counsels for the applicants and without the participation of Russia. The lawsuit was filed in 2015, compared to losses in real estate, which the company called Lugzor, on which basis the arbitration Global Arbitration Review little information. The hearing for this lawsuit is carried out, Donald McRae, Bruno Simma and Eduardo Zuleta. Legal advisers Lugzor is a team from the law firm Fieldfisher, led by partner Simon Moore, Professor Zachary Douglas, Q. C and Luis Gonzales Garcia with Matrix Chambers in London.
It reminds UNIAN, at the beginning of 2016, the state commercial Bank of Ukraine “Oschadbank” also sent a notice of claim against Russia concerning the loss of assets in Crimea, which is represented by a team from Quinn Emanuel Urquhart & Sullivan, headed by partner Alex Arms (Alex Gerbi) in London. Not included in the message, which institution will govern the arbitration. In October last year it became known that the state energy company “Naftogaz” has filed a lawsuit in the amount of 2.6 billion euros, which represents a team of Covington & Burling led by partner Useless Chick (Marney Cheek) in Washington (D.C.). Thus, the number of known cases of annexation of the Crimea, which were submitted in the framework of the Agreement between the Government of the Russian Federation and the Cabinet of Ministers of Ukraine on encouragement and mutual protection of investments of November 27, 1998, has reached eight. All things are in accordance with the UNCITRAL arbitration rules 1976, which was used until the Treaty enters into force, which means that both parties must give consent to the publication of recent decisions. Given the non-participation of Russia in the case, such consent is unlikely.