PCA Issues Awards, Holds Russia Expropriated Investments In Crimea

(February 19, 2019, 11:16 AM EST) -- THE HAGUE, Netherlands — A tribunal for the Permanent Court of Arbitration (PCA) on Feb. 15 announced that it has issued partial awards in two arbitrations commenced against the Russian Federation in which claimants alleged that Russia expropriated their investments in a banking business and in an airport in Crimea (JSC CB PrivatBank, et al. v. Russian Federation, No. 2015-21, PCA)....