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Ukrainian American Bar Association

Alex Hryhorczuk: How a Commercial Bond Dispute in the UK Supreme Court Invokes International Law

02 Jan 2020 8:34 AM | Myroslaw Smorodsky (Administrator)

How a Commercial Bond Dispute in the UK Supreme Court Invokes International Law

Alex Hryhorczuk
European Journal of International Law

While the heads of state for Ukraine, Russia, France and Germany met in Paris on December 9 to discuss terms of peace, across the English Channel in London the UK Supreme Court heard arguments concerning Russia’s suit for repayment on a US$3 billion loan to the government of Ukraine. The deal was made in December 2013 shortly after then President Viktor Yanukovich pulled out of an association agreement with the EU, and months before Russia annexed Crimea and invaded Eastern Ukraine. When the principal and final interest installment came due in December 2015, Ukraine refused to make payment.

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