A court in The Hague ruled in Naftogaz's favor, ordering Russia to pay $5 billion to the company to cover losses of its Crimea-based assets.
April 14, 2023 at 07:20 PM
3 minute read
Lawyers from Covington & Burling helped secure $5 billion in compensation for Ukraine’s state-owned oil and gas company Naftogaz against the Russian Federation for its 2014 seizure of the company’s assets in Crimea.
New York-based Dave Pinsky, Washington, D.C.-based Marney Cheek and London-based Jeremy Wilson lead Covington’s team that represented Naftogaz and several of its subsidies in the years-long arbitration.
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Covington team at The Hague, preparing for arbitration. From left: William Lowery, Alex Gudko, Emma Nguyen, Clovis Trevino, Tim Aulet, Caroline Ennis, Ramon Luque, Paris Aboro. Courtesy photo
David Pinsky.
