Everest and others v. Russia Everest Estate LLC, Edelveis-2000 PE, Fortuna CJSC and others v. The Russian Federation (PCA Case No. 2015-36)
Russian Federation
Ownership of a large number of properties in Crimea, including offices, apartment buildings, and villas.
Claims arising out of the alleged expropriation of properties following the 2014 Russian annexation of Crimea.
Tertiary: L - Real estate activities
68 - Real estate activities
PCA (Permanent Court of Arbitration)
Reisman, W. M.
Rigo Sureda, A.
Knieper, R.
Decided in favour of investor
Decision on Jurisdiction dated 20 March 2017
Award on the Merits dated 2 May 2018
220.00 mln USD
130.00 mln USD
Direct expropriation
Direct expropriation
Judicial review by national courts
Judicial review by national courts