The London Supreme Court made a decision that allowed the Hague Arbitration decision to not yet carry out a 207.8 million dollars in favor of Ukrainian Dtek Krymenergo JSC for the loss of energy activists in Russia’s peninsula. This was reported by the newspaper “Kommersant”.
Dtek is part of the SCM Investment Group, which belongs to Ukrainian businessman Rinat Akhmetov. After the Crimea’s participation in Russia, Dtek assets were expropriated. The company called on this illegal expropriation and filed a lawsuit that wanted to save compensation from Russia.
The delay was given by the Hague Hague Court of Appeal on the cancellation of the arbitration decision on the complaint of the Russian Federation. Operations in the appeal may take one and a half to four and a half years.
The court said that the claim that the Russian-Ukraine’s agreement on Crimea was not revealed is weak, but for the other two (active and active investments in active and border investments), the “expectation of real success”.
At the same time, the judge accepted the risk of harm to the plaintiff if there was a long delay in the trials, so he limited the postponed performance to the date of appeal.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.