Latest development Jun 2025
The award’s terms were reported.
The award
- Amount awarded
- More than CZK 1 billion (€57.7M per IAReporter) plus interest and costs
- Award holder
- ČEZ a.s. (majority state-owned, Czech Republic)
- Respondent
- Gazprom Export LLC
- Forum
- ICC · seat Geneva
Challenges
None reported. A Russian injunction carries a €57.7M penalty. The ICC tribunal issued an anti-anti-arbitration order and allowed recovery of losses caused by the Russian injunction.
Enforcement
ČEZ has said it will enforce. No court action found.
Recovered to date
None reported