The Amsterdam Court of Appeal rejected the complaint from Gazprom regarding the jurisdiction of the court, thereby confirming its authority in the case of recognition and enforcement of the Stockholm arbitration (in Dutch territory) decision.
This was reported by the Naftogaz of Ukraine.
The court made the relevant decision on July 8.
On the same day, a district court in Luxembourg also ruled in favor of Naftogaz.
The court rejects Gazprom’s appeal and upholds the freezing of assets in that country’s territory under the Stockholm court’s ruling.
Recall that at the end of February 2018, Gazprom lost a lawsuit against Naftogaz in the Stockholm Arbitration on a contractual obligation on the transit, according to which the Russian company should pay USD 4.6 billion to the Ukrainian side.
At the same time, taking into account the decision of the arbitration under the gas supply contract, the final amount of settlements between the companies was set at USD 2.6 billion in favor of Naftogaz.
At the end of May, Naftogaz of Ukraine launched the process of forced collection of Gazprom’s debt totaling USD 2.6 billion through in foreign courts. Recovery proceedings are taking place in England, Switzerland and the Netherlands. Among the assets of interest for Ukrainian side are the shares of the Nord Stream-1 and Nord Stream-2 gas pipelines companies-operators.
As The Journalist reported, Naftogaz will sell 500,000 cubic meters of gas via electronic trading on July 4.
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