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2 February 2021

MZS legal team led by partner Kirill Udovichenko secured that the tribunal dismissed Ukraine’s objections and found that VEB.RF is an investor under the Russia-Ukraine bilateral investment treaty and that VEB.RF had duly notified Ukraine of the dispute. The tribunal therefore assumed jurisdiction over VEB.RF’s claim on the merits.

In this investment arbitration VEB.RF is seeking compensation for “creeping expropriation” of PSC Prominvestbank, VEB.RF’s Ukrainian asset.