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Russia names Chandrachud arbitrator in bank dispute
India Today··12 Aug
Russia appointed former Chief Justice of India D.Y. Chandrachud as its arbitrator in an investment treaty case brought by Ukrainian state-owned Oschadbank. The claim under the 1998 Ukraine-Russia treaty concerns assets Oschadbank says it lost in Donetsk, Luhansk, Kherson and Zaporizhzhia after the 2022 invasion. Dyalá Jiménez will preside; Stavros Brekoulakis sits for the bank.
Prism
What It Means For You
- Indian legal observers can track a former CJI's first reported acceptance of a Russia-appointed arbitrator role.
- Readers following the Ukraine war get a window into how banks seek treaty damages for seized regional assets.
- Students of international law can compare party appointment rules with court litigation norms.
What's Happening
- Russia has named D.Y. Chandrachud as its arbitrator in Oschadbank's investment treaty claim.
- The dispute concerns bank assets and operations in four Ukrainian regions after Russia's 2022 invasion.
- A three-member tribunal will be chaired by Dyalá Jiménez, with Stavros Brekoulakis appointed by Oschadbank.
Treaty Arbitration After Unanswered Notice
- Oschadbank served a notice of dispute in July 2025 and later commenced arbitration when Russia reportedly did not reply.
- Chandrachud previously declined similar Russian arbitrator approaches in Wintershall Dea and Ukrenergo cases.
- The claim is distinct from Oschadbank's earlier Crimea-related arbitral awards and enforcement efforts.
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