Ukraine has settled a dispute with American pharmaceutical company Gilead Sciences Inc., following the company’s pursuit of legal remedies in both domestic courts and via investment arbitration.
Ukranian authorities have now applied to the UK High Court asking to set aside the recent UNCITRAL arbitration award against Ukraine and in favour of JKX.
Russia must bear responsibility for protecting Ukrainian investors in Crimea after its annexation under the Russian-Ukrainian bilateral investment treaty.
Yevgeny Kazmin, a co-owner of Ukraine’s KVV Group, has filed a lawsuit against Latvia with the International Centre for Settlement of Investment Disputes.
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
The claimants submit that the Russian Federation breached its obligations under the Ukraine-Russia BIT by taking measures that deprived the claimants of their property.