2 June 2017

Gernandt & Danielsson represents Naftogaz of Ukraine in gas sales arbitration

An Arbitral Tribunal under the auspices of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) on 31 May 2017 rendered a separate award in the Gas Sales Arbitration regarding a Gas Sales Contract from 2009 between Naftogaz and Gazprom. The tribunal rejected Gazprom’s “take-or-pay” claim and satisfied Naftogaz’ claim to make the contract price market-reflective. Furthermore, the tribunal, i.a. invalidated the contractual prohibition against gas re-export.

Gernandt & Danielsson (Partners Björn Tude and Marcus Johansson) acts as counsel for Naftogaz together with Wikborg Rein of Norway.