Background to the Dispute

This dispute has its genesis in the contractual arrangements for Enka's participation in building the Berezovskaya power plant in Russia for PJSC Unipro (then called E.ON Russian) ("Unipro") pursuant to a contract entered into with Unipro's general contractor, CJSC Energoproekt (the "Contract"). Pursuant to the Contract, Enka was to provide works relating to the boiler and auxiliary equipment installation. Energoproekt's subsequently assigned its rights under the Contract to Unipro. Unipro was insured by Chubb Russia under a primary policy, with reinsurance and retrocession ...