District Court of Nicosia, 27 December 2017, Raga Establishment v. Rinat Akhmetov

In autumn 2017, Raga won an arbitration proceeding before the LCIA against SCM Financial Overseas, a Rinat Akhmetov’s company (a Ukrainian oligarch). The award ordered SCM to pay more than $760 million, as SCM only paid $100 million of the expected $860 million to repurchase Ukrtelecom. On 27 December 2017 (decision published on 3 January [...]