Arbitration plays a vital role in resolving disputes within the global energy industry, where high financial stakes and geopolitical complexities often collide. This note examines several major Lukoil arbitration cases, showcasing how international arbitration mechanisms handle cross-border energy disputes involving sanctions and enforcement challenges. As one of Russia’s leading multinational energy corporations, Lukoil operates across […]
Naftogaz v. Gazprom: Final Arbitral Award Rendered, Enforcement Proceedings Imminent
On 20 June 2025, the Arbitral Tribunal rendered a final award (National Joint Stock Company Naftogaz of Ukraine v. Public Joint Stock Company Gazprom (III), ICC Case No. 27245/GL), bringing the proceedings in another Naftogaz versus Gazprom dispute[1] to a close.[2] Attention now shifts to the next chapter, how the enforcement battle will unfold. Factual […]
Managing Sanctions in International Arbitration
Sanctions are economic and political measures used to restrict the actions of states, groups, or individuals, imposed either unilaterally or collectively. The UN Security Council, under the UN Charter, has the authority to impose sanctions to maintain international peace. The first such sanctions regime was established in 1968 in response to the power seizure in […]
Arbitration Against Russia
Following its military action in Ukraine, Russia has issued strong economic measures in response to the international sanctions imposed by other States. This has impacted investment inflows, as well as foreign investors who seek to engage in arbitration with Russia. Until recently, Russia accounted for more than 40% of Foreign Direct Investment inflows in the […]
Ukraine’s ICJ Claim Against Russia Under the Genocide Convention
On February 26, 2022, Ukraine filed a claim against Russia before the International Court of Justice to institute proceedings in connection with the military operations commenced by the Russian Federation in Ukrainian territory on February 24.[1] The application is based on Article IX of the 1948 Genocide Convention,[2] according to which the International Court of […]