Of great significance is that the US Appeals Court judges specifically rejected the argument that corruption in the judicial system of Ukraine was so pervasive that a fair hearing was impossible to obtain in that country and concluded that contrary to the assertions of Mono Re’s experts, the courts of Ukraine would be a most appropriate forum for the matter. Office Schnader, Harrison, Segal Lewis, LLP and lead counsel for NAK Naftogaz. “An opinion from United States Court of Appeals for the Second Circuit in New York has wide ranging commercial implications for everyone who deals in international trade and commerce and has issues that have to be resolved by arbitration.” It is not known if Monde Re will appeal the decision to the Supreme Court of the United States..
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