Ukrainian Investors' Claims Against Russia Pass First Hurdle
Law360, New York (March 9, 2017, 4:53 PM EST) -- Russia will face expropriation claims in the Permanent Court of of Arbitration brought by Ukraine's largest commercial bank and the operator of a private airport after the larger nation annexed the Crimean Peninsula in 2014, Law360 learned on Thursday.
A tribunal in the Netherlands-based dispute resolution body determined on Feb. 24 that it has jurisdiction to hear both claims, according to a person with knowledge of the situation.
It's believed to be the first time that a tribunal has determined that a bilateral investment treaty is applicable to an occupying state in unrecognized possession of occupied territory. In these cases, the...
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