Squire Patton Boggs partners Naomi Briercliffe and Katie Pritchard have represented pro bono Ukraine’s state oil and gas company Naftogaz in securing a court order from the High Court of Justice in London recognising its US$5 billion investment treaty award against Russia over the seizure of its assets in Crimea.
The final award was issued at the Permanent Court of Arbitration in The Hague on 12 April 2023. The enforcement proceedings in England & Wales are part of Naftogaz’s worldwide strategy to recover US$5 billion owed by Russia under the award, the largest yet issued in the various arbitrations brought by Ukrainian investors who had assets confiscated by Russia in Crimea.
“As part of the firm’s long-standing commitment to pro bono services, we are pleased to support Naftogaz, using our expertise in arbitration award enforcement matters to assist the client as it seeks to recover its losses from Russia,” commented Naomi Briercliffe. “This is one of a number of international pro bono projects that the firm is engaged in, with our lawyers working on a diverse range of matters to promote equal justice across the globe.”
Also representing Naftogaz are Stephen Midwinter KC, Edward Ho and Emilie Gonin of Brick Court, and David Baker of Essex Court Chambers.
To learn more about our commitment to pro bono services, click here.