Legal News

Kiev Court of Appeal upholds UNCITRAL award against Ukraine in favour of investors (JKX Oil & Gas PLC v Ukraine)

Published on: 16 September 2019
Published by: LexisPSL
  • Kiev Court of Appeal upholds UNCITRAL award against Ukraine in favour of investors (JKX Oil & Gas PLC v Ukraine)
  • What are the practical implications of this judgment?
  • Why is the judgment of interest to international arbitration practitioners?
  • What was the background?
  • What did the court decide?

Article summary

Arbitration analysis: The Kiev Court of Appeal dismissed challenges to the recognition and enforcement of an arbitration award made against Ukraine in London-seated ad hoc arbitration proceedings pursuant to the United Nations Commission on International Trade Law (UNCITRAL) Arbitration Rules. Markiyan Kliuchkovskyi, partner, and Oleksandr Volkov, senior associate both at Asters in Kyiv, comment on what lessons can be learned from this case and considers the implications for arbitration lawyers. or take a trial to read the full analysis.

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