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Russia names Chandrachud arbitrator in bank dispute
Times of India··12 Aug
Russia appointed former Chief Justice of India D.Y. Chandrachud as its arbitrator in an investment treaty dispute filed by Ukrainian state-owned bank Oschadbank. The case proceeds under the 1998 Ukraine-Russia bilateral investment treaty before a three-member tribunal. Costa Rican arbitrator Dyalá Jiménez will preside after joint selection, while Oschadbank named Stavros Brekoulakis as its arbitrator.
Prism
What It Means For You
- Readers tracking Indian jurists abroad can note Chandrachud now sits as Russia's party-appointed arbitrator, not as a court judge.
- Investors following war-related claims will watch how BIT tribunals handle bank assets in occupied Ukrainian regions.
- Students of international law can follow a three-member panel with jointly chosen president Jiménez.
What's Happening
- Russia named former CJI D.Y. Chandrachud as its arbitrator in Oschadbank's investment treaty claim.
- Dyalá Jiménez will chair; Stavros Brekoulakis was appointed by Oschadbank.
- The claim concerns assets lost in four Ukrainian regions after the 2022 invasion and is valued in hundreds of millions of dollars.
Treaty Arbitration After Unanswered Notice
- The dispute is brought under the 1998 bilateral investment treaty between Ukraine and Russia.
- Oschadbank says it served a notice of dispute in July 2025 that Russia allegedly did not answer.
- Chandrachud had previously declined Russian arbitrator invitations in other treaty matters linked to the war.
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