Hague Court of Appeal Upholds Arbitral Award Against Russia in Another Key Crimea Investment Treaty Case
10 June 2026
The Hague Court of Appeal has dismissed the Russian Federation's challenge to an arbitral award in favour of Ukrainian investors, reinforcing the growing body of case law supporting compensation claims for assets expropriated in Crimea and strengthening the enforceability of investment treaty awards.
Another important milestone for Ukrainian investors seeking justice for assets expropriated in Crimea. On 9 June 2026, the Hague Court of Appeal rejected in full the Russian Federation’s application to set aside an arbitral award rendered in favour of Ukrainian investors.
The decision is significant not only for the claimants in this case, but also because it continues the growing body of case law arising from Crimea-related investment treaty arbitrations, including Everest, Belbek and other proceedings.
For Ukrainian businesses whose investments were affected by the occupation of Crimea, the judgment provides further confirmation that international investment treaties can offer an effective mechanism for pursuing compensation and protecting arbitral awards through the courts.
At Aksio Partners, we continue to assist investors, claimants, lawyers and litigation funders in relation to investment treaty claims, enforcement strategies and funding opportunities arising from these disputes.