The Arbitral Tribunal unanimously delivered a partial award in favor of Privatbank on the case "PrivatBank and Finilon v. the RF"

Events

The Arbitral Tribunal unanimously delivered a partial award in favor of Privatbank. According to Privatbank’s notice (press release is available at link) the Arbitral Tribunal recognized the following:

  1. the Tribunal has jurisdiction over all the Claimants’ claims against the RF;
  2. the RF has violated its obligations under the Agreement between the Cabinet of Ministers of Ukraine and the Government of the Russian Federation on Encouragement and Mutual Protection of Investments by illegally expropriating the assets of Privatbank in Crimea;
  3. Privatbank is entitled to compensation in full for such violations.
Hague
February, 2019
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