Story perspectives

Russia appoints India’s Chandrachud as arbitrator in Oschadbank dispute

8/12/2026

Summary

Story summary

Russia named Chief Justice of India DY Chandrachud as its arbitrator in Oschadbank’s investment treaty dispute.
Costa Rican arbitrator Dyalá Jiménez will chair the tribunal, which includes Greek arbitrator Stavros Brekoulakis as Oschadbank’s nominee.
Oschadbank claims losses of hundreds of millions of dollars in assets in Donetsk, Luhansk, Kherson and Zaporizhzhia.
Oschadbank filed arbitration after sending Russia a notice of dispute in July 2025 that received no response.

History

Historical Context

In 2005 GML, the former majority owner of Yukos, filed an Energy Charter Treaty arbitration against the Russian Federation; after years of litigation the Permanent Court of Arbitration in The Hague issued a $50 billion award in July 2014, the largest ever. The precedent shaped later cases, including Oschadbank’s 2025 arbitration invoking the 1992 Energy Charter framework to recover Ukrainian assets.

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Story summary

Russia named Chief Justice of India DY Chandrachud as its arbitrator in Oschadbank’s investment treaty dispute.
Costa Rican arbitrator Dyalá Jiménez will chair the tribunal, which includes Greek arbitrator Stavros Brekoulakis as Oschadbank’s nominee.
Oschadbank claims losses of hundreds of millions of dollars in assets in Donetsk, Luhansk, Kherson and Zaporizhzhia.
Oschadbank filed arbitration after sending Russia a notice of dispute in July 2025 that received no response.

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