KYIV, Dec 9 – The Supreme Court of the United Kingdom starts hearing appeals from the Russian Federation and Ukraine on $3 billion eurobonds issued by Ukraine in 2013, according to an announcement on the website of the court.
According to the report, the Law Debenture Trust Corporation Plc, presenting the interests of the Russian Federation, is appealing that whether the claim (or any of its aspects) ought to be stayed and whether there is any "domestic foothold" for the allegations of duress made by Ukraine or whether the foreign act of state doctrine is relevant to or engaged by the allegations such that they are non-justiciable before the English Court. Ukraine, which is satisfied with the court decision, is appealing three thesis from the court decision.
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