Vietnam’s national oil and gas company has lost its cassation appeal before the Russian Supreme Court.
In Case No. А40-20468/2024, the lower courts had recognized a US$500 million SIAC award in Russia.
On March 12, 2025, the Russian Supreme Court rejected the company's cassation appeal for reconsideration of the case.
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ProArbitration.Ru 🇷🇺🇸🇬 A US$500 million SIAC award is recognized in Russia. A Russian cassation court has upheld a lower court's decision recognizing the US$500 million SIAC award in Russia. The award was issued in favour of a sanctioned Russian engineering group against Vietnam’s…
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