Littop Enterprises Limited, Bridgemont Ventures Limited and Bordo Management Limited v. Ukraine, SCC Case No. V 2015/092

>Claimant : Littop Enterprises Limited, Bridgemont Ventures Limited, Bordo Management Limited
>Nationality : Cyprus, Cyprus, Cyprus
>Respondent : Ukraine
>Procedural rules applied : SCC
>Chair : Julian Lew
>Arbitrator appointed by Claimant : Yves Fortier
>Arbitrator appointed by Respondent : Rodrigo Oreamuno
>Invoked instruments : ECT
>Breaches alleged :
- (10.1) Fair and equitable treatment
> Breaches alleged :
- (10.1) Unreasonable or discriminatory measures
> Breaches alleged :
- (10.1) Most constant protection and security
> Breaches alleged :
- (10.1) Umbrella clause
> Breaches alleged :
- (10.12) Effective means for the assertion of claims and the enforcement of rights
> Breaches alleged :
- (13.1) Expropriation
> Breaches alleged :
- (11) Key Personnel
>Breaches found : No jurisdiction under ECT
>Case status : Award rendered
>Year of the award or agreement : 2021
>Follow-on proceedings : Pending national court decision on annulment
>Year of registration : 2015

>Subject matter of the dispute: Claims arising out of government’s measures with respect to PJSC Ukrnafta’s operations, including alleged interference with the sales price of natural gas
>Amount claimed: USD 6.108 billion
>Amount awarded: ZERO
>Costs of arbitration: EUR 1,554,020
>Award legal costs: Each party bears its own legal costs
>Award costs of arbitration: Costs follow the award

ARBITRAL DECISION

4 February 2021

Final Award