| Case name | (i) Stabil LLC, (ii) Rubenor LLC, (iii) Rustel LLC, (iv) Novel-Estate LLC, (v) PII Kirovograd-Nafta LLC, (vi) Crimea-Petrol LLC, (vii) Pirsan LLC, (viii) Trade-Trust LLC, (ix) Elefteria LLC, (x) VKF Satek LLC,(xi) Stemv Group LLC v. The Russian Federation | ||||||||||||||||||||||||||||||
| Case description | The PCA acts as registry in this arbitration, which is being conducted under the UNCITRAL Arbitration Rules 1976 pursuant to the Agreement between the Government of the Russian Federation and the Cabinet of Ministers of Ukraine on the Encouragement and Mutual Protection of Investments dated 27 November 1998. |
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| Name(s) of claimant(s) |
Stabil LLC ( Private entity ) Rubenor LLC ( Private entity ) Rustel LLC ( Private entity ) Novel-Estate LLC ( Private entity ) PII Kirovograd-Nafta LLC ( Private entity ) Crimea-Petrol LLC ( Private entity ) Pirsan LLC ( Private entity ) Trade-Trust LLC ( Private entity ) Elefteria LLC ( Private entity ) VKF Satek LLC ( Private entity ) Stemv Group LLC ( Private entity ) |
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| Name(s) of respondent(s) |
The Russian Federation ( State ) |
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| Names of parties | |||||||||||||||||||||||||||||||
| Case number | 2015-35 | ||||||||||||||||||||||||||||||
| Administering institution | Permanent Court of Arbitration (PCA) | ||||||||||||||||||||||||||||||
| Case status | Concluded | ||||||||||||||||||||||||||||||
| Type of case | Investment arbitration | ||||||||||||||||||||||||||||||
| Subject matter or economic sector | Oil and gas | ||||||||||||||||||||||||||||||
| Procedural rules | UNCITRAL Arbitration Rules 1976 | ||||||||||||||||||||||||||||||
| Treaty or contract under which proceedings were commenced |
Bilateral treaty Agreement between the Government of the Russian Federation and the Cabinet of Ministers of Ukraine on the Encouragement and Mutual Protection of Investments dated 27 November 1998 Country A: Russian Federation Country B: Ukraine |
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| Language of proceeding |
English |
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| Seat of arbitration (by country) | Switzerland | ||||||||||||||||||||||||||||||
| Arbitrator(s), Conciliator(s), Other Neutral(s) |
Professor Gabrielle Kaufmann-Kohler (Presiding Arbitrator) Mr. Daniel M. Price Professor Brigitte Stern |
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| Representatives of the claimant(s) |
Mr. John M. Townsend Mr. James H. Boykin Mr. Vitaly Morozov Ms. Eleanor Erney HUGHES HUBBARD & REED LLP (Washington, D.C., United States)
Mr. Leon Ioannou HUGHES HUBBARD & REED LLP (Paris, France) |
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| Representatives of the respondent(s) | The Russian Federation has not appointed any representatives. By letters dated 12 August 2015 and 15 September 2015 (received by the PCA on 18 September 2015), the Russian Federation indicated, inter alia, that the “[Ukraine-Russia BIT] cannot serve as a basis for composing an arbitral tribunal to settle [the Claimants’ claims]” and that it “does not recognize the jurisdiction of an international arbitral tribunal at the Permanent Court of Arbitration in settlement of [the Claimants’ claims].” The Russian Federation also stated that nothing in its correspondence “should be considered as consent of the Russian Federation to constitution of an arbitral tribunal, participation in arbitration proceedings or as procedural actions taken in the framework of the proceedings.” |
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| Representatives of the parties | |||||||||||||||||||||||||||||||
| Number of arbitrators in case | 3 | ||||||||||||||||||||||||||||||
| Date of commencement of proceeding [dd-mm-yyyy] | 15-06-2015 | ||||||||||||||||||||||||||||||
| Date of issue of final award [dd-mm-yyyy] | 12-04-2019 | ||||||||||||||||||||||||||||||
| Length of proceedings | 3-4 years | ||||||||||||||||||||||||||||||
| Additional notes | |||||||||||||||||||||||||||||||
| Attachments |
Press Release
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