Aequo acts for a leading provider of gaming services in a multi-million investment arbitration case

Aequo acted as lead counsel for one of the European gambling industry leaders in the settlement negotiations with the government of Ukraine under a bilateral investment treaty (BIT) regarding protection of investments and, subsequently, in an investment arbitration against the Ukrainian state under the UNCITRAL Arbitration Rules, administered by the Permanent Court of Arbitration in the Hague.

The arbitration tribunal issued an award in favour of the client, finding the breach by Ukraine of its obligations under the BIT causing damages to the investor, and obliged Ukraine to compensate the investor for the damages and legal costs.

This matter is one of the few — if not the only example — when a Ukrainian law firm secures a victory in international investment arbitration as a lead counsel.