Former Chief Justice of India DY Chandrachud has been appointed as an arbitrator in a significant investment treaty dispute between Russia and Ukraine's state-owned Oschadbank. This appointment enhances India's recognition in international arbitration.
DY Chandrachud Appointed in International Arbitration Case
In a notable development for international arbitration, former Chief Justice of India DY Chandrachud has been appointed as an arbitrator by Russia in an investment treaty dispute involving the Ukrainian state-owned bank, Oschadbank. This appointment reflects India's growing significance in the arena of global dispute resolution.
The three-member tribunal will be presided over by Costa Rican arbitrator Dyalá Jiménez, who has been jointly selected by both parties. The inclusion of Chandrachud, known for his extensive experience and expertise in legal matters, is expected to bring a profound understanding of legal principles to the proceedings.
This arbitration arises from Oschadbank's allegations against Russia regarding violations of its investment rights and is part of an ongoing trend of increasing legal actions related to international investments. The tribunal's formation, with representation from different jurisdictions, signifies the cross-border nature of modern arbitration cases.
Practitioners should monitor the outcomes of this case, as it may establish precedents relevant to investment disputes in international law. Moreover, Chandrachud's involvement underscores the potential for Indian legal professionals to play pivotal roles in international arbitration disputes.
Citations
- Arbitration Case involving Oschadbank (2026) International Tribunal
