Misen Submitted Its Memorial under ICSID Arbitration Rules

On 29 October 2021, Misen Energy AB (publ) and Misen Enterprises AB submitted a Memorial in international investment arbitration case against Ukraine (ICSID Case No. ARB/21/15). Misen requested for compensation that reflects the going concern value of Misen’s share at the time exorbitant subsoil use tax was imposed on Joint Activity, which led to the termination of the JAA No.3.

Ukraine appointed Hogan Lovells International LLP (the United Kingdom) and Advocate Association LCF (Ukraine) as its counsel in this arbitration.

As of submission of the Memorial, the Tribunal has not yet determined the date of Ukraine’s Counter-Memorial. There is no certainty as to the procedural schedule and/or a potential outcome of the arbitration.