Russia appoints former CJI DY Chandrachud as arbitrator in Ukraine’s Oschadbank case

File
photo:
Fo me
CJI
Justice
DY
Cha d achud
(Pictu e
c edit:
PTI)

Fo me
chief
justice
of
I dia
D
Y
Cha d achud
has
bee
appoi ted
by
Russia
as
its
a bit ato
i
a
i vestme t
t eaty
dispute
filed
by
Uk ai ia
state-ow ed
ba k
Oschadba k,
acco di g
to
a
epo t
by
Global
A bit atio
Review,
as
cited
by
Ba
a d
Be ch.The
dispute
is
bei g
hea d
by
a
th ee-membe
a bit al
t ibu al
u de
the
1998
bilate al
i vestme t
t eaty
betwee
Uk ai e
a d
Russia.Costa
Rica
a bit ato
a d
fo me
t ade
mi iste
Dyalá
Jimé ez
will
se ve
as
the
t ibu al’s
p eside t
afte
bei g
joi tly
selected
by
both
pa ties.G eek
a bit ato
a d
Natio al
U ive sity
of
Si gapo e
p ofesso
Stav os
B ekoulakis
was
appoi ted
by
Oschadba k,
while
Justice
Cha d achud
was
appoi ted
by
Russia.

Dispute
co ce s
Oschadba k
assets
i
fou
Uk ai ia
egio s

Oschadba k’s
claim
co ce s
assets
a d
ope atio s
i
Do etsk,
Luha sk,
Khe so
a d
Zapo izhzhia
that
the
Uk ai ia
state-ow ed
ba k
says
it
lost
followi g
Russia
milita y
actio s
i
Uk ai e,
pa ticula ly
afte
Russia’s
full-scale
i vasio
i
2022.The
claim
is
u de stood
to
be
wo th
hu d eds
of
millio s
of
dolla s.
Acco di g
to
Ba
a d
Be ch,
Oschadba k
i itiated
the
a bit atio
afte
se vi g
Russia
with
a
otice
of
dispute
i
July
2025,
which
allegedly
we t
u a swe ed.

The
p oceedi gs
have
bee
i itiated
u de
the
1998
Ag eeme t
betwee
the
Gove me t
of
the
Russia
Fede atio
a d
the
Cabi et
of
Mi iste s
of
Uk ai e
o
the
E cou ageme t
a d
Mutual
P otectio
of
I vestme ts.The
dispute
is
sepa ate
f om
a
ea lie
Oschadba k
a bit atio
co ce i g
its
ope atio s
a d
assets
i
C imea
followi g
Russia’s
2014
a exatio
of
the
pe i sula.I
that
ea lie
case,
a
t ibu al
co stituted
u de
the
Pe ma e t
Cou t
of
A bit atio
fou d
Russia
liable
fo
u lawful
exp op iatio
a d
awa ded
Oschadba k
app oximately
$1.1
billio
i
damages,
alo g
with
i te est
a d
a bit atio
costs.Russia
had
decli ed
to
pa ticipate
i
those
p oceedi gs,
but
the
t ibu al
p oceeded
u de
the
applicable
a bit atio
ules.

Cha d achud
had
ea lie
decli ed
Russia’s
app oaches

Justice
Cha d achud
had
p eviously
decli ed
app oaches
f om
Russia
to
se ve
as
its
a bit ato
i
t eaty
disputes
i volvi g
Ge ma
e e gy
compa y
Wi te shall
Dea
a d
Uk ai ia
state
e e gy
compa y
Uk e e go.He
had
also
bee
desig ated
by
the
Pe ma e t
Cou t
of
A bit atio
as
the
appoi ti g
autho ity
i
the
Wi te shall
p oceedi gs.
He
late
stepped
dow
f om
that
ole
afte
disclosi g
the
commu icatio s
f om
Russia.His
appoi tme t
as
Russia’s
a bit ato
i
the
Oschadba k
case
the efo e
ma ks
a
cha ge
f om
his
ea lie
decisio
ot
to
accept
Russia’s
app oaches
i
those
p oceedi gs.

Th ee-membe
t ibu al
to
hea
the
case

Jimé ez,
who
was
joi tly
selected
by
Oschadba k
a d
Russia,
will
p eside
ove
the
t ibu al.
B ekoulakis
was
appoi ted
by
Oschadba k,
while
Justice
Cha d achud
was
appoi ted
by
Russia.Oschadba k
is
ep ese ted
by
Qui
Ema uel
U quha t
&
Sulliva
pa t e s
Epami o tas
T ia tafilou
a d
Alex
Ge bi,
alo g
with
Aste s
pa t e s
Oleksiy
Didkovskiy,
A d ii
Pozhidayev
a d
Oksa a
Legka.Russia
is
ep ese ted
by
Pi a
Goldbe g
pa t e
A d ea
Pi a,
cou sel
P atyush
Pa jwa i
a d
se io
associate
Dimit ios
Papageo giou.The
case
comes
agai st
the
b oade
backd op
of
i vestme t
disputes
a isi g
f om
Russia’s
milita y
actio s
i
Uk ai e
a d
the
esulti g
loss
of
Uk ai ia
busi esses
a d
assets
i
te ito ies
u de
Russia
co t ol.

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