Russia must bear responsibility for protecting Ukrainian investors in Crimea after its annexation under the Russian-Ukrainian bilateral investment treaty.
The latest award on jurisdiction conflicts with the ruling of a Dutch court which overturned an earlier award of US$50 billion in favour of the former majority shareholders of Yukos.
Oleg Deripaska has, in his personal capacity, served a notice of arbitration against Montenegro, claiming unlawful expropriation of his investment and related treaty breaches
Subsidiaries of Russian aluminum giant Rusal filed a claim with the ICSID, demanding Ukraine to compensate the company for the investments into the Zaporozhsky Aluminium Plant