Contents tagged with Permanent Court of Arbitration
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Hague Arbitration court to commence hearings for Ukraine's Naftogaz case against Russia on May 14-20
Next week, the Ukrainian National Joint-Stock Company [NJSC] Naftogaz and six of its subsidiaries will initiate a court hearing against Russia in the Arbitration Court in Hague. Naftogaz is pursuing legal action to recover lost company assets which were seized by Russia in the Crimea, the Naftogaz press service reports.
During the hearings scheduled for May 14-20, the court will determine whether Naftogaz has grounds to take Russia to court under the Russian-Ukrainian bilateral agreement on …
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Hague arbitration court orders Russia to compensate Ukraine for assets lost in Crimea
The Permanent Court of Arbitration in the Hague has ordered Russia to pay Ukraine $159 million in compensation for the assets lost in annexed Crimea, as reported in an announcement by the TV company 1+1, one of the plaintiffs in the lawsuit.
“The Arbitration Court in the Hague has determined that Russia must pay compensation to a number of Ukrainian investors for the annexation of Crimea. In this case the amount is $159 million. The court has determined that Russia is responsible for violating …
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Ukraine's Naftogaz files $5 billion lawsuit against Russia for seizing assets in Crimea
Naftogaz has filed a lawsuit against Russia, demanding $5 billion of reimbursement for the loss of assets in annexed Crimea. The statement has been received by the tribunal at the Permanent Court of Arbitration in the Hague, Naftogaz’s press service reports.
Alongside Naftogaz, six subsidiary companies took part in initiating the litigation: Chornomorneftegaz, Ukrtransgaz, Likvo, Ukrgazdobycha, Ukrtransnafta and Gaz Ukrayiny.
According to the company, a court ruling is expected by the end of 2 …
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Ukrainian Gas Company Files Lawsuit against Russia
Ukrnafta has filed a lawsuit against Russia with the Permanent Court of Arbitration (PCA) in The Hague, the Netherlands. The details of the lawsuit aren’t known. It was noted on the PCA website that the proceeding was initiated in accordance with an Investment Promotion and Protection Agreement, signed by the Russian Federation and Ukraine in 1998.
Moreover, according to the PCA database, eleven more Ukrainian companies (Stabil, Rubenor, Rustel, Kirovohrad-Nafta, Krym-Petrol, Pirsan, Trade- …