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Integrites Successful for Ukrenergo in Investment Treaty Arbitration Against Russia

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Integrites, working with Hughes Hubbard & Reed, has successfully represented Ukrenergo in an investment treaty arbitration against Russia.

Ukrenergo is a Ukrainian transmission system operator.

According to Integrites, "on August 5, 2024, the arbitral tribunal upheld jurisdiction over Ukrenergo’s EUR 527 million claim relating to the expropriation of its Crimean assets. Ukrenergo commenced arbitration under the Ukraine–Russia Bilateral Investment Treaty in 2019. Among others, it seeks compensation for Ukrenergo’s electricity grid seized by Russia after the purported annexation of Crimea in 2014."

The Integrites team included Partners Serhii Uvarov and Dmytro Marchukov and Associate Iryna Ivanova.

Integrites at a Glance

INTEGRITES is a full-service law firm with the head office in Ukraine, office in Kazakhstan, and representative offices in Germany and the UK.

We provide legal services to companies seeking comprehensive advice on large deals and major disputes, as well as day-to-day operation. INTEGRITES is highly recommended for its cross-border work (whether sophisticated transactions or complex dispute resolution) and for the projects in energy, in particular, renewable.

Our mission is to help companies concentrate on development of their business while we take care of the legal issues. With profound industry-focused expertise, we deliver legal solutions that add value to the business of our clients and help them successfully handle legal challenges.

In 15 years INTEGRITES has served more than 1000 clients from around the globe, including Fortune 500 companies and international financial institutions. Clients in our portfolio are recognized leaders in various industries: from manufacturing, pharmaceuticals, and retail to agriculture, logistics, and renewables. Currently 80% of the companies we serve are international.

INTEGRITES has been consistently recognized by the leading international legal directories and rankings: Chambers Global/Europe, The Legal 500 EMEA, Who’s Who Legal, IFLR 1000, Best Lawyers, FT Innovative Lawyers.

All News about, and Legal Analysis by, Integrites can be found here.

Firm's website: www.integrites.com