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Nord Stream 2 AG v European Union, Procedural order no 9, PCA Case No 2020-07, IIC 1865 (2022), 2nd September 2022, Permanent Court of Arbitration [PCA]

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved. date: 24 June 2024

1. By e-mail of 1 March 2022, the Claimant informed the Tribunal as follows: The designation of Nord Stream 2 AG as a US Specially Designated National (SDN) on 23 February 2022 and recent geopolitical developments have led to an inability on the part of the Claimant to pursue the arbitration at this time. In particular, the Claimant’s bank accounts have been blocked, meaning NSP2AG is unable to make any payments or access finance. 2. The Claimant consequently requested a suspension of the arbitration. 3. On 16 March 2022, the Tribunal issued Procedural Order No....
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