Ukraine's Naftogaz to pay 14 million euros to Norwegian lawyers for assistance in lawsuit against Gazprom
Ukrainian national oil company Naftogaz has signed a contract for legal services in a lawsuit against the Russian gas giant Gazprom. Naftogaz will pay the lawyers of the Norwegian law firm Wikborg Rein Advokatfirma AS 14 million euros, according to Ukrainian Prozorro e-procurement system.
The cost of the services includes attorneys' fees and the costs of involving witnesses in the court proceeding.
At the end of January, in Stockholm, the initial hearing in the suit of Naftogaz against the Russian Gazprom began.
On February 28, the Stockholm Arbitration satisfied Naftogaz claims for compensation in the amount of $4.63 billion for gas transit that was under-delivered by Gazprom. Following two arbitration proceedings in Stockholm, the Russian gas monopolist must pay $2.56 billion to Naftogaz.