PJSC Gazprom v. Ukraine

PJSC Gazprom instituted these arbitral proceedings against the State of Ukraine pursuant to Article 9(2)(c) of the Agreement between the Government of the Russian Federation and the Cabinet of Ministers of Ukraine for the Promotion and Reciprocal Protection of Investments dated 27 November 1998, by way of a Notice of Arbitration dated 25 October 2018. In February 2020, upon request of the Parties, based on a settlement agreement between them relating to the subject matter of the arbitration, the Tribunal issued an order terminating the arbitration pursuant to Article 34(1) of the UNCITRAL Arbitration Rules 1976. The Permanent Court of Arbitration acted as Registry in this arbitration.


Case information

Name(s) of Claimant(s) PJSC Gazprom (Private entity )
Name(s) of Respondent(s) Ukraine (State)
Names of Parties -
Case number 2019-10
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 for the Promotion and Reciprocal Protection of Investments dated 27 November 1998
Country A: Russian Federation
Country B: Ukraine

Language of Proceeding English
Seat of Arbitration (by Country) Switzerland
Arbitrator(s), Conciliator(s), Other Neutral(s)

Professor Pierre Mayer (Presiding Arbitrator)

Mr. John Beechey CBE

Professor Brigitte Stern

Representatives of the Claimant(s)

Mr. Matthew Weiniger QC

LINKLATERS LLP

(London, United Kingdom)

 

Mr. Vladimir Melnikov

Mr. Neil Boyd

Mr. Andrei Kopytin

LINKLATERS CIS

(Moscow, Russian Federation)

Representatives of the Respondent(s)

Mr. Pavlo Petrenko (Minister of Justice of Ukraine)

Mr. Maksym Kodunov

Mr. Michael Siroyezhko

Ms. Yuliia Koval

MINISTRY OF JUSTICE OF UKRAINE

 

Prof. Emmanuel Gaillard

Dr. Yas Banifatemi

Ms. Jennifer Younan

Mr. Benjamin Siino

SHEARMAN & STERLING LLP

(Paris, France)

Representatives of the Parties
Number of Arbitrators in case 3
Date of commencement of proceeding 25 October 2018
Date of issue of final award -
Length of Proceedings 1-2 years
Additional notes

The dispute concerns a claim by the Claimant for pecuniary and other relief in relation to the imposition of a fine, the total amount of the fine being equivalent to approximately USD 6 billion (including interest).