PCA Holds Merits Hearing In Arbitration Over Russian Banking Operations

(February 20, 2018, 1:30 PM EST) -- THE HAGUE, Netherlands — The Permanent Court of Arbitration (PCA) on Feb. 19 said it has completed a hearing on the merits of an arbitration commenced by two financial institutions against the Russian Federation pursuant to the United Nations Commission on International Trade Law (UNCITRAL) (PJSC CB PrivatBank, et al. v. Russian Federation, No. 2015-21, PCA)....