The Law Debenture Trust Corporation p.l.c. v. Ukraine -
Quinn Emanuel Achieves Major Legal Victory for Ukraine in the English Court of Appeal Against the Russian Federation in Politically-Charged US $3 Billion Eurobonds Dispute -
Background: Politics Sets the Scene -
It is well known that the Russian Federation considers Ukraine as being within its “sphere of interest,” despite Ukraine’s independence since 1991. Although both nations were expected to maintain close ties after the collapse of the Soviet Union, in fact, there were growing tensions between the countries in the 1990s and early 2000s over trade, gas disputes, the use of Ukraine’s Sevastopol port (where the Russian Black Sea fleet came to be stationed) and its increased cooperation with NATO. In 2010, after Mr. Viktor Yanukovych took over as Ukraine’s President, Russia pushed to increase her influence over Ukraine.
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