Ukraine updates

Arbitration & ADR

Contributed by Everlegal
Changes to approach favouring enforcement against assets indirectly owned by foreign states?
  • Ukraine
  • 13 June 2019

Following a recent Supreme Court decision, the outlook for recovery following the enforcement of the Everest Estate arbitral award against Russian assets in Ukraine does not look particularly optimistic. However, the chances of recovery may increase if the Ukraine Cabinet of Ministers exercises its powers under the International Private Law to allow enforcement against assets indirectly owned or controlled by Russia – and the grounds for exercising such power continue to mount.

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