Everest Estate LLC et al. 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) Everest Estate LLC (Private entity )
Name(s) of Respondent(s) The Russian Federation (State)
Names of Parties -
Case number 2015-36
Administering institution Permanent Court of Arbitration (PCA)
Case status Pending
Type of case Investment arbitration
Subject matter or economic sector Real estate
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

Dr. Andrés Rigo Sureda (Presiding Arbitrator)
Professor W. Michael Reisman
Professor Dr. Rolf Knieper

Representatives of the Claimant(s)

Mr. John M. Townsend

Mr. James H. Boykin

Mr. Vitaly Morozov


(Washington, D.C., United States)


Mr. Marc-Olivier Langlois

Mr. Leon Ioannou


(Paris, France)

Representatives of the Respondent(s)

Russia has not appointed an agent. In a letter to the PCA dated 15 September 2015 attaching correspondence dated 12 August 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 19 June 2015
Date of issue of final award -
Length of Proceedings
Additional notes -


Press Release
Press Release dated 9 August 2016
Пресс-релиз от 9 августа 2016 года (неофициальный перевод)
Press Release dated 13 January 2017
Пресс-релиз от 13 января 2017 года (неофициальный перевод)
Press Release dated 5 April 2017
Пресс-релиз от 5 апреля 2017 года (неофициальный перевод)
Press Release dated 26 October 2017
Пресс-релиз от 26 октября 2017 года (неофициальный перевод)

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