ON
← Back to feed
Russia appoints former CJI DY Chandrachud as arbitrator in investment treaty dispute with Ukrainian bank: Report
India🏛️ PoliticsCenter11 days ago

Russia appoints former CJI DY Chandrachud as arbitrator in investment treaty dispute with Ukrainian bank: Report

Russia has reportedly appointed former Chief Justice of India, DY Chandrachud, as its arbitrator in an investment treaty dispute involving Ukraine's state-owned bank, Oschadbank. This follows Oschadbank's claim that it suffered significant financial losses due to Russian military actions in regions such as Donetsk, Luhansk, Kherson, and Zaporizhzhia since Russia's full-scale invasion of Ukraine in February 2022. The arbitration is being conducted under the 1998 bilateral investment treaty between Ukraine and Russia. A three-member tribunal has been established, with Cost Rican arbitrator Dyalá Jiménez serving as president, chosen jointly by both countries. Stavros Brekoulakis, a Greek arbitrator, has been appointed by Oschadbank as the third member. Oschadbank previously sought compensation for losses incurred in Crimea after Russia's 2014 annexation, which led to a $1.1 billion award in 2018. However, this award faced legal challenges in French courts, including being set aside in 2021 but later reinstated.

Russia has appointed former Chief Justice of India (CJI) D.Y. Chandrachud as an arbitrator in an ongoing investment treaty dispute with Ukraine’s state-owned bank, Oschadbank. The case involves allegations that Russian military actions led to the loss of Oschadbank’s assets and operations in several Ukrainian regions, including Donetsk, Luhansk, Kherson, and Zaporizhzhia. The dispute is being handled by a three-member arbitral tribunal established under the 1998 bilateral investment treaty between Ukraine and Russia. According to reports, the tribunal includes Costa Rican arbitrator and former trade minister Dyalá Jiménez, who was jointly selected by both Russia and Ukraine to serve as its president. The other members include Greek arbitrator and professor at the National University of Singapore, Stavros Brekoulakis, appointed by Oschadbank, and Justice Chandrachud, appointed by Russia. Oschadbank claims it suffered financial losses amounting to hundreds of millions of dollars due to Russian military activities, particularly following the full-scale invasion of Ukraine in February 2022. The bank initiated the arbitration process after sending a notice of dispute to Russia in July 2025, which allegedly went unanswered. This case follows a previous dispute involving Oschadbank and Russia over losses incurred in Crimea after the Russian annexation of the region in 2014. In 2018, a tribunal seated in Paris, operating under the UNCITRAL Arbitration Rules, ruled in favor of Oschadbank, awarding it approximately $1.1 billion in damages. However, the award faced prolonged legal challenges in France. In 2021, a French court partially set aside the award, citing that the treaty’s offer to arbitrate applied only to investments made after the opening of Oschadbank’s Crimean branch. The French Court of Cassation later reinstated the award, asserting that French courts could not review the relevant provision. Subsequent rulings in 2023 and 2024 rejected Russia’s request to revise the award based on new evidence, directing Moscow to cover the associated costs. Recently, the Paris Court of Appeal annulled the tribunal’s decision on Russia’s revision request, citing doubts about the impartiality of arbitrator Charles Brower, who co-signed an amicus curiae brief. As a result, Russia’s revision request remains unresolved, necessitating a new arbitral tribunal. Justice Chandrachud had previously declined offers from Russia to serve as an arbitrator in similar cases. Notably, he was approached by Russia to act as an arbitrator in a dispute involving German energy company Wintershall Dea. However, these requests came on the same day that the Permanent Court of Arbitration designated him as the appointing authority in the Wintershall proceedings. Chandrachud subsequently stepped down from that role after disclosing communications from Russia. His current appointment as an arbitrator in the Oschadbank case represents a departure from his earlier stance. The case is part of a broader context of investment disputes stemming from Russia’s military actions in Ukraine. These disputes involve the loss of Ukrainian businesses and assets in areas under Russian control. Oschadbank is represented by legal teams from Quinn Emanuel Urquhart & Sullivan and Asters, while Russia is represented by Pinna Goldberg, with Andrea Pinna, Pratyush Panjwani, and Dimitrios Papageorgiou acting as counsel and associates. The outcome of this arbitration could have significant implications for international investment law and the resolution of conflicts arising from geopolitical tensions.

2 reports

Times of India logoTimes of IndiaIndependentCenterFactual 75Objective 6511 days ago
Russia appoints former CJI DY Chandrachud as arbitrator in Ukraine's Oschadbank case

Russia has appointed former Indian Chief Justice D Y Chandrachud as an arbitrator in an investment treaty dispute involving Ukraine's state-owned bank Oschadbank. The case centers on claims that Oschadbank lost assets and operations in four Ukrainian regions, Donetsk, Luhansk, Kherson, and Zaporizhzhia, following Russian military actions, particularly after the 2022 full-scale invasion. The dispute is being handled under the 1998 bilateral investment treaty between Ukraine and Russia, with a three-member tribunal led by Costa Rican arbitrator Dyalá Jiménez. Oschadbank previously won a $1.1 billion award against Russia in a 2014-related case, though Russia did not participate. Chandrachud had previously rejected similar appointments from Russia but now serves as Russia’s representative in this new case.

Bias read (Center): The article presents the appointment of Justice Chandrachud as a neutral fact, focusing on procedural aspects of the arbitration process rather than taking a clear ideological stance. It provides balanced information about the background of the dispute, the roles of all parties involved, and Chandrâ

Why factuality (75): The article reports the appointment of Justice DY Chandrachud as Russia's arbitrator in the Oschadbank case, citing sources like Global Arbitration Review and Bar and Bench. It provides details about the dispute, including the regions affected and the value of the claim. While the information aligns

Why objectivity (65): The tone remains neutral, but the article includes phrases like 'allegedly went unanswered' which introduce uncertainty. There is also a slight bias in emphasizing the financial stakes and the impact of Russian military actions, though not overtly political.

Hindustan Times logoHindustan TimesIndependentCenterFactual 70Objective 6011 days ago
Russia appoints former CJI DY Chandrachud as arbitrator in investment treaty dispute with Ukrainian bank: Report

Russia has reportedly appointed former Chief Justice of India, DY Chandrachud, as its arbitrator in an investment treaty dispute involving Ukraine's state-owned bank, Oschadbank. This follows Oschadbank's claim that it suffered significant financial losses due to Russian military actions in regions such as Donetsk, Luhansk, Kherson, and Zaporizhzhia since Russia's full-scale invasion of Ukraine in February 2022. The arbitration is being conducted under the 1998 bilateral investment treaty between Ukraine and Russia. A three-member tribunal has been established, with Cost Rican arbitrator Dyalá Jiménez serving as president, chosen jointly by both countries. Stavros Brekoulakis, a Greek arbitrator, has been appointed by Oschadbank as the third member. Oschadbank previously sought compensation for losses incurred in Crimea after Russia's 2014 annexation, which led to a $1.1 billion award in 2018. However, this award faced legal challenges in French courts, including being set aside in 2021 but later reinstated.

Bias read (Center): The article presents factual information about an ongoing international legal dispute between Russia and Ukraine regarding an investment treaty. It provides details about the appointment of arbitrators, the nature of the claims, and previous legal proceedings without showing clear bias toward either

Why factuality (70): This article confirms the appointment of Justice Chandrachud and provides additional legal context, such as his previous refusal to serve in another case. It mentions the representation teams for both sides and the legal framework. While largely consistent with the first article, it adds some specif

Why objectivity (60): The article uses phrases like 'reportedly' and 'allegedly' which suggest uncertainty. It also presents the dispute in a way that emphasizes the financial implications, potentially giving more weight to the economic aspect than the geopolitical context, though not overtly biased.

How each side covered it

The same event, grouped by the political lean of the outlets covering it.

How each side covered it

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Covered around the world

The same event as reported in other countries.

Covered around the world

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Claims check

Key factual claims, and how many sources assert vs dispute each.

Claims check

Support independent, bias-aware news and unlock the social pulse, community voting, and every other Supporter feature.

Become a Supporter

Keep the news honest.

ObjectiveNews is reader-funded and ad-free — we show you the bias instead of hiding it. Support independent journalism for €4/month.

Become a Supporter

Related stories