KYIV, July 13 – The Arbitration Institute of the Stockholm Chamber of Commerce has issued a partial award in the case initiated by Ukrgazvydobuvannia (UGV) against LLC Karpatygaz and its shareholder Misen Enterprises AB (Sweden) regarding termination of a joint venture (JV) agreement, Naftogaz Ukrainy said in a statement.
"The Tribunal's award terminated the JV agreement, satisfying one of UGV's claims. <…>The JV agreement is therefore terminated due to the change in circumstances and impossibility to continue the joint venture," Naftogaz said on July 12.
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