Fortum - Press Release: Legal Proceedings Against the Russian Federation due to the Violations of International Investment Treaty Protection - 27 February 2024
Country
Year
2024
Summary
Fortum has initiated arbitration proceedings against the Russian Federation and will claim compensation for the unlawful seizure of its assets in order to protect its legal position and shareholder interests. The commencement of arbitration proceedings follows the Russian Federation’s violations of its investment treaty obligations under the Bilateral Investment Treaties that Russia has with the Netherlands and Sweden.