Amsterdam District Court, 5 January 2018

Two investors acquired - through companies - gas license on Kazakh territories which were terminated in 2013. The Tribunal of the Stockholm Chamber of Commerce ordered the payment of $520 million for the violation of the Energy Charter. Since then, the investors try to initiate execution procedures while the State is fighting to unblock its [...]

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 [...]

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