A court has lifted injunctions on Gazprom assets in the UK, Luxembourg, the Netherlands that had been frozen under court action brought by Ukraine’s Naftogaz, the Russian gas giant has said.
“According to confirmations received by Gazprom from local consultants on Jan. 20, 2020, the injunctions and seizures approved in England and Wales, Luxembourg and the Netherlands following a request by Naftogaz on the basis of ruling No. V 2014/129 by the Arbitration Institute of the Stockholm Chamber of Commerce of Feb. 28, 2018 were lifted,” it said.
In the UK, undertakings to the court of Gazprom, South Stream Transport B.V. and Blue Stream Pipeline Company B.V. were terminated by order of an English court on Jan. 14. The law firm DLA Piper London confirmed this was sufficient to cancel the undertakings to the court in England.
