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Russia Must Pay $5B To Ukrainian Firm Over Crimean Assets

Media Mention April 13, 2023

Russia Must Pay $5B To Ukrainian Firm Over Crimean Assets

April 13, 2023, Law360

Covington was mentioned in Law360 as counsel to Naftogaz in its $5 billion dollar win against Russia in an investment treaty dispute over seized Crimean assets – including the arbitrators’ disagreement over the effect of a temporal limitation in the treaty and the relevance of sunk costs.

Naftogaz is represented by David Z. Pinsky, Erin Thomas, Paris Aboro, Alexander Gudko, Marney L. Cheek, William T. Lowery, Clovis Trevino, Jeremy X. Wilson, and Ramon Luque.

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