VEB v. Ukraine State Development Corporation "VEB.RF" v. Ukraine (SCC Case No. V2019/088)
Russian Federation
99.8% shareholding in Prominvestbank, a Ukrainian commercial bank.
Claims arising out of the Government’s alleged confiscation of shares held by the claimant, a state-owned Russian company, in its Ukrainian subsidiary Prominvestbank and the ban of the subsidiary’s business operations with the parent company.
Tertiary: K - Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
SCC (Stockholm Chamber of Commerce)
SCC (Stockholm Chamber of Commerce)
Partasides, C.
Patocchi, P. M.
Malintoppi, L.
200.00 mln USD
Data not available
Direct expropriation

Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

National treatment

Most-favoured nation treatment

Arbitrary, unreasonable and/or discriminatory measures

Transfer of funds

Umbrella clause