A hearing concerning Gazprom\'s attempts to avoid payment of the Award in the Transit Arbitration was held on Friday 29 June in Amsterdam, the Netherlands
A hearing concerning Gazprom's attempts to avoid payment of the Award in the Transit Arbitration was held on Friday 29 June in Amsterdam, the Netherlands. Naftogaz expects that the court will require Gazprom to comply with earlier instructions of Dutch enforcement authorities and disclose information about its assets located in the Netherlands. The decision by the court is expected by 13 July.
In late May, Naftogaz received permission from a Dutch judge to attach Gazprom’s shares in its Dutch subsidiaries and the debts those subsidiaries owe to Gazprom. Six out of seven of Gazprom’s Dutch subsidiaries refused to cooperate with enforcement authorities and provide information about Gazprom shareholdings. This refusal has not affected the validity of the attachments.
In the past weeks, courts have attached Gazprom assets in Switzerland, the UK and the Netherlands.
Corporate Communications Department
NJSC Naftogaz of Ukraine