The Russia-Ukraine conflict, which erupted in 2014, and further annexation of Crimea, forced business to rethink its legal strategies for protection of the assets on the peninsula. This gave rise to a new branch of investment arbitration jurisprudence.

After four years of arbitral proceedings regarding expropriation of investments made by the Ukrainian companies in Crimea, certain practice has emerged, which allows to asses efficiency and prospects of this mechanism.

Serhii Uvarov, Counsel of Cross-Border dispute resolution practice, has described peculiar features of this practice in his article for


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