As Investment Arbitration Is On the Rise, Ukrainian Sea Ports
Authority Fails to Hire Counsel. Does this mean any good?
Despite turbulent times ever since Crimea annexation by Russia
in 2014, Ukraine has proved legally strong. By seeking justice,
Ukrainian entities have initiated a dozen of investment
arbitrations valued over USD 10 billion against Russia and claimed
damages for their unlawfully expropriated investments. Practically
half of those have been decided in investors' favour, with the
remaining cases pending. This latest pro-investor jurisprudence has
raised client's interest in arbitration and boosted
lawyers' confidence in the emergence of sophisticated
disputes.
Boasting an extensive arbitration practice, we at EVRIS had
decided to use the arisen opportunity and bid through a public
tender as an arbitration counsel for a potential applicant, the
Ukrainian Sea Ports Authority (USPA). However, having encountered a
number of discriminatory terms that a
