PJSC CB PrivatBank and Finance Company Finilon LLC v. The Russian Federation

The PCA provides administrative support 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.

Case information

Name(s) of Claimant(s) PJSC CB PrivatBank (Private entity )
Name(s) of Respondent(s) The Russian Federation (State)
Names of Parties -
Case number 2015-21
Administering institution Permanent Court of Arbitration (PCA)
Case status Pending
Type of case Investment arbitration
Subject matter or economic sector International investment law
Rules used in arbitral proceedings UNCITRAL Arbitration Rules 1976
Treaty or contract under which proceedings were commenced (Bilateral treaty)Russian FederationUkraine
Language of Proceeding English
Seat of Arbitration (by Country) Netherlands

Prof. Pierre Marie-Dupuy (Presiding Arbitrator)
Sir Daniel Bethlehem QC
Dr. Václav Mikulka

Representatives of the Claimant(s)

Mr. John M. Townsend
Mr. James H. Boykin
Mr. Vitaly Morozov
HUGHES HUBBARD & REED LLP (Washington, D.C., United States)

Mr. Marc-Olivier Langlois
Mr. Leon Ioannou

Prof. Dr. Kaj Hobér
GRAY’S INN (London, United Kingdom)

Representatives of the Respondent(s)

Russia has not appointed an agent. In a letter to the PCA dated 1 July 2015 attaching correspondence dated 16 June 2015, Russia stated it “does not recognize the jurisdiction of an international tribunal at the Permanent Court of Arbitration in settlement of the abovementioned claims.”

Representatives of the Parties
Number of Arbitrators in case 3
Date of commencement of proceeding 13 April 2015
Date of issue of final award -
Length of Proceedings
Additional notes -


Press Release
Press release dated 30 March 2016
Пресс-релиз от 30 марта 2016 года (неофициальный перевод)
Communiqué de presse du 30 mars 2016
Press release dated 15 August 2016
Communiqué de presse du 15 août 2016
Пресс-релиз от 15 августа 2016 года (неофициальный перевод)
Press release dated 9 March 2017
Communiqué de presse du 9 mars 2017
Пресс-релиз от 9 марта 2017 (неофициальный перевод)
Press Release dated 6 December 2017
Пресс-релиз от 6 декабря 2017 года (неофициальный перевод)
Communiqué de presse du 6 décembre 2017

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