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Unpacking Naftogaz’s multibillion win against Russia

Media Mention April 13, 2023

Unpacking Naftogaz’s multibillion win against Russia

April 13, 2023, Global Arbitration Review

Covington was mentioned in Global Arbitration Review 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.

The Covington team included partner David Pinsky and associates Paris Aboro, and Alex Gudko in New York, partner Jeremy Wilson and associate Ramon Luque in London, and partner Marney Cheek, of counsel William Lowery and special counsel Clovis Trevino in Washington, DC.

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