Court of Arbitration in The Hague considers lawsuit filed by Naftogaz against Russia on Crimean assets
The International Court of Arbitration in The Hague (the Permanent Court of Arbitration) began consideration of the lawsuit of Naftogaz of Ukraine against the Russian Federation over compensation for assets lost as a result of the annexation of the Crimea.
Information about the case under consideration was reported on the arbitration website, according to Oil News.
Naftogaz, like other Ukrainian companies, is appealing to the United Nations Commission on International Trade Law (UNCITRAL) and the agreement reached between the governments of Ukraine and Russia on November 27, 1998 on the protection of investments. The arbitration statement was registered by the court on …read more