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Ukrainian oil and natural gas company Ukrnafta PAT has filed a lawsuit against Russia at the Permanent Court of Arbitration in the Hague, Netherlands.
The lawsuit is evidenced by documents posted on Monday on Permanent Court of Arbitration’s website, according to UA Today. According to the documents, the lawsuit was filed to defend the oil monopoly company’s investment based on the agreement with Russian Federation in 1998.
Permanent Court of Arbitration published the Ukrnafta v. The Russian Federation case description: “The Permanen Court of Arbitration acts as registry in this arbitration, which is being conducted under the United Nations Commission on International Trade Law (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.”
The original article can be found at lawyerherald.com