Privatbank and Finilon v. Russia PJSC CB PrivatBank and Finance Company Finilon LLC v. The Russian Federation (PCA Case No. 2015-21)
Russian Federation
Investment of alleged USD 1 billion into the banking operations in Crimea encompassing loans, real estate and a vast automated teller machine (ATM) network.
Claims arising from the alleged expropriation of the claimants' investments in Crimea as well as its subsidiary Moskomprivatbankin following the 2014 Russian annexation of that territory including alleged confiscation of various cash holdings and real estate assets owned by the claimants, totaling nearly $200 million.
Tertiary: K - Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
PCA (Permanent Court of Arbitration)
Dupuy, P.-M.
Bethlehem, D.
Mikulka, V.
1000.00 mln USD
Data not available
Direct expropriation
Direct expropriation
Judicial review by national courts
Judicial review by national courts
Award/decision upheld