ABH Holdings SA Press Release - $1 billion claim against Ukraine re expropriation of Sense Bank - 4 January 2024
Country
Year
2024
Summary
On 29 December 2023, ABH Holdings S.A. (ABHH) filed a request for arbitration (Request) and a statement of claim against Ukraine in a case that is an acid test of the rule of law in the West. ABHH seeks full compensation for the unlawful expropriation of Sense Bank (the Bank) by the Ukrainian authorities through enforced nationalisation. The claim has been filed with the International Centre for Settlement of Investment Disputes (ICSID), the world's leading body for Investor/State dispute resolution under the aegis of the World Bank in Washington, D.C.