Hague expects reaction from parties in Kolomoisky lawsuit against Russia

Jan 11, 2016

Interfax

RBTH

Igor Kolomoisky.

Mikhail Markov / RIA Novosti

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The Permanent Court of Arbitration in the Hague expects a reaction from the parties to the litigation in the lawsuit filed by Ukrainian businessman Igor Kolomoisky and Aeroport Belbek LLC against the Russian Federation.

According to the court press release, UNCITRAL (United Nations Commission on International Trade) arbitration is commenced under a Russian-Ukrainian bilateral investment treaty.

"On 9 January 2015, arbitral proceedings were commenced by Aeroport Belbek LLC and Mr. Igor Valerievich Kolomoisky against the Russian Federation pursuant to the Agreement between the Government of the Russian Federation and the Cabinet of Ministers of Ukraine on the Encouragement and Mutual Protection of Investments,the parties that it was of the opinion that Russian correspondence "should be considered as consent of the Russian Federation to constitution of an arbitral tribunal, participation in arbitral proceedings, or as procedural actions taken in the framework of the proceedings." Aeroport Belbek LLC and Kolomoisky filed a lawsuit on June 30, 2015.

In the meantime, the defendant did not provide objections to the lawsuit by September 30, 2015 (the date stated in the procedural regulations).

On October 30, 2015, the arbitration court ruled to continue the litigation, despite the non-provision of objections to the lawsuit by the defendant.

"Having afforded the Parties an opportunity to be heard, on November 30, 2015, the Tribunal decided to proceed on the basis of a bifurcated proceeding that would address issues of jurisdiction and