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How To Protect Your Co. From Russian Retaliatory Measures
August 4, 2014, Law360
Marney Cheek, Jonathan Gimblett and David Pinsky have authored this article on Russia's threats to retaliate against U.S. and European companies in response to new sanctions imposed by the United States and the European Union:
"Russian lawmakers’ recent threats to retaliate against U.S. and European companies in response to new sanctions imposed by the United States and the European Union are a reminder that investments in Russia are subject to meaningful political risk. Companies would thus be wise to consider now how they can mitigate the exposure to their investments in Russia. What can these companies do? The answer is to consider both how their investments are structured and how any agreements governing their investments address dispute resolution. These considerations are critical to ensuring that companies invested in Russia have remedies available if they find themselves in a dispute with Russian authorities."
9/11/2014
WASHINGTON, DC, September 11, 2014 — The Stockholm District Court today dismissed the Russian Federation’s jurisdictional challenge to a previous arbitration ruling that ordered Russia to compensate a group of Spanish investors for the losses they suffered when the government expropriated the Yukos Oil Company, one of the largest oil and gas companies in the ...
Covington Wins Major Victory for Spanish Funds in Claim Against Russia Over Nationalization of Yukos Oil
July 26, 2012
WASHINGTON, DC, July 26, 2012 — An international tribunal ordered the Russian government to compensate a group of Spanish investors for the losses they suffered when Russia seized the Yukos Oil Company, one of the largest oil and gas companies in the world. The Spanish investors sought compensation under the bilateral investment treaty between Spain and the ...