Judge Confirms $112M Award Against Ukraine For Oil Company Shares Dispute

Mealey's (August 26, 2020, 12:18 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on Aug. 24 granted a petition to confirm a $112 million arbitral award with interest against Ukraine for actions that deprived shareholders of their interests in a Ukrainian joint stock company that operates the nation's largest oil refinery after finding that Ukraine established no defense to recognition of the award under the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (PAO Tatneft v. Ukraine, No. 17-582, D. D.C., 2020 U.S. Dist. LEXIS 152856)....