2019
VEB v. Ukraine
State Development Corporation "VEB.RF" v. Ukraine
(SCC Case No. V2019/088)
Ukraine
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
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
Pending
https://globalarbitrationreview.com/article/1174440/ukraine-threatened-over-russian-asset-freeze (requires subscription)
https://www.iareporter.com/articles/ukrainians-seeking-to-enforce-bit-award-against-russia-secure-the-freezing-of-russian-assets-in-ukraine-russians-respond-with-their-own-bit-warning-to-ukraine/ (requires subscription)
https://www.iareporter.com/articles/bit-claim-is-reportedly-filed-against-ukraine-by-state-owned-russian-development-bank-whose-ukrainian-assets-have-been-caught-up-in-enforcement-of-bit-awards-against-russia/ (requires subscription)
https://globalarbitrationreview.com/article/1194368/sanctioned-russian-bank-brings-treaty-claim-against-ukraine (requires subscription)
https://www.iareporter.com/articles/ukrainians-seeking-to-enforce-bit-award-against-russia-secure-the-freezing-of-russian-assets-in-ukraine-russians-respond-with-their-own-bit-warning-to-ukraine/ (requires subscription)
https://www.iareporter.com/articles/bit-claim-is-reportedly-filed-against-ukraine-by-state-owned-russian-development-bank-whose-ukrainian-assets-have-been-caught-up-in-enforcement-of-bit-awards-against-russia/ (requires subscription)
https://globalarbitrationreview.com/article/1194368/sanctioned-russian-bank-brings-treaty-claim-against-ukraine (requires subscription)