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Kyiv Commercial Court Reviews ICSID Award Against Ukraine

CISAF: A recent decision of the Kyiv Commercial Court is of particular importance to arbitration practitioners since it involves not only the issues of invalidation of a joint investment activities agreement, but also application of findings of the ICSID Tribunal which were previously made in respect of such agreement. The Ukrainian court invalidated the agreement […]

Russian-language ECT award enforced in Ukraine

It has emerged that a US$4.5 million SCC award arising out of the first Russian-language Energy Charter Treaty claim was successfully recognised and enforced against Ukraine last month – but a Russian court is now considering whether to overturn the judgment debt that the award upheld.

Ukrainian Court Recognises English Court Freezing Order

Olena Perepelynska: On 1 June 2012 the Ukrainian general court of first instance granted the request of JSC BTA Bank for the recognition of the Freezing Order of the English Court issued in the BTA Bank v Ablyazov and others proceedings (the “Order” and the “BTA Bank case” respectively).

Russian proposals cause alarm

GAR: The president of the Supreme Arbitrazh Court of the Russian Federation, Anton Ivanov, has told a conference in St Petersburg that the Russian courts should be granted powers to set aside foreign court judgments and international arbitration awards that prejudice interests of Russian parties.