PCA Holds Hearing On Jurisdiction, Announces Russia Did Not Participate

(January 18, 2017, 9:54 AM EST) -- THE HAGUE, Netherlands — The Permanent Court of Arbitration (PCA) on Jan. 13 issued various updates in an arbitration commenced by numerous real estate entities against the Russian Federation in relation to an alleged real estate investment in Crimea, announcing that the Russian Federation did not participate in a recent hearing on jurisdiction and admissibility (Everest Estate LLC, et al. v. The Russian Federation, No. 2015-36, PCA)....