The former Chief Justice of India DY Chandrachud is selected by the Russian Federation to serve as an arbitrator in an international dispute involving the state-owned Ukrainian bank Oschadbank. The arbitration is about multi-million dollar claims made by Oschadbank against Russia based on the 1998 Russia-Ukraine Bilateral Investment Treaty (BIT) due to heavy damage to business and properties sustained in Donetsk, Luhansk, Kherson, and Zaporizhzhia as a result of full-scale military operations launched by Russia in 2022.
Tribunal president – Dayala Jiménez, former Trade Minister of Costa Rica, jointly appointed by the Russian Federation and Oschadbank; This is the first nomination from Russia accepted by Justice DY Chandrachud.
Justice DY Chandrachud previously refused nominations from Russia in arbitrations of German energy company Wintershall Dea and Ukrainian electricity grid operator Ukrenergo, according to reports from the Global Arbitration Review.
