JSC CB PrivatBank v The Russian Federation - PCA Case No 2015-21 - Partial Award - 04 February 2019
Country
Year
2019
Summary
Partial Award
...
VII. DECISION
For the foregoing reasons, the Tribunal finds that:
1. the Tribunal has jurisdiction over PrivatBank's claims under the Treaty;
2. PrivatBank's claims are admissible; and
3. the Russian Federation has breached Article 5 of the Treaty in respect of PrivatBank's investments.
The issue of compensation due in the light of this finding of liability and any decision on the costs of arbitration are deferred to the next phase of the arbitration.
Place of arbitration: The Hague, the Netherlands
Date: 4 February 2019
The Arbitral Tribunal
Professor Pierre-Marie Dupuy (Presiding Arbitrator)
Sir Daniel Bethlehem QC
Dr. Vaclav Mikulka