The Permanent Court of Arbitration in The Hague has issued an Interim Award concerning certain issues of jurisdiction and admissibility in the lawsuit by PrivatBank and its former owner Ihor Kolomoisky against Russia in connection with the annexation of Crimea.
“On February 24, having deliberated, the Tribunal issued its unanimous Interim Award addressing certain issues of jurisdiction and admissibility,” the court said in a statement.
There is no additional information on this ruling.
The court recalled that the claimants say that the Russian Federation breached its obligations under the Ukraine-Russia bilateral investment treaty by taking, as of February 2014, measures that prevented them from operating their banking business in Crimea.
