According to the new York Convention of 1958.
Ukraine after the decision of the court of Arbitration in the Hague, obliging Russia to Ukrainian companies compensate the losses of the loss in the Crimea, may seize Russian property on the basis of the new York Convention of 1958. This opinion was expressed by a senior researcher at the Atlantic Council Anders Aslund in his Twitter, reports Rus.Media.
According to the new York Convention of 1958 on the recognition and enforcement of foreign arbitral awards ) the winner has the right to levy a state property in virtually every part of the world, and Western countries really do it,” — said Aslund. The economist acknowledged that such court proceedings are expensive and slow, however, according to him, it works.
The court of arbitration in the Hague in may 2018 ordered Russia to pay several Ukrainian companies compensation for assets lost after joining the Peninsula to Russia in 2014. The lawsuit was filed by 18 Ukrainian companies and one individual. The speech, according to UNIAN, about compensation in the amount of 159 million dollars.
In Minister reported that the Russian side does not recognize the court’s decision “in connection with the absence of arbitrage jurisdiction on consideration of the claim”.