By Maya Lester QC & Michael O’Kane

PCA tribunal rejects application to stay PrivatBank arbitration because of effect of sanctions on legal team

In March 2022, the Permanent Court of Arbitration is reported to have rejected Russia’s request to stay Privatbank’s BIT arbitration proceedings after its legal team resigned after Russia sanctions. Statement. The tribunal said it had to ensure an efficient process since the arbitration had been ongoing since 2015. In response, Russia applied to disqualify the tribunal. This application was rejected …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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