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                        THURSDAY, APRIL 18, 2024
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Business    

Ukraine picks Hogan Lovells to litigate vs. Ukrnafta shareholders on $5.4-bln
Journal Staff Report

KYIV, March 29 – The Justice Ministry will sign a contract with Hogan Lovells International LLP law firm to assist in proceedings under a lawsuit filed by minority shareholders of oil producer Ukrnafta against Ukraine seeking to collect $5.4 billion.

The ministry said in the ProZorro e-procurement system that the cost of services to be provided by Hogan Lovells will be $2.754 million.

As reported, the minority shareholders of PJSC Ukrnafta (Cypriot-based Littop Enterprises, Bridgemont Ventures, Bordo Management) in June 2015 filed a lawsuit to the Stockholm arbitration against the state of Ukraine.




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