On 24 September 2020, Misen Enterprises AB, LLC Karpatygaz and JSC Ukrgasvydobuvannya requested the Arbitral Tribunal to record a Settlement Agreement on settlement of certain legal relations in a Final Award by Consent. The parties agreed on the following:
To be valid, the Settlement Agreement on settlement of certain legal relations shall be confirmed (approved) by the Arbitral Tribunal in accordance with the SCC Arbitration Rules. If confirmed (approved), Final Award by Consent would terminate the arbitration proceeding in the SCC case V 2016/114. To be paid the above-specified amounts, Misen Enterprises AB would be required to seek recognition and enforcement of the Final Award by Consent in Ukraine.
Additionally, on 11 September 2020 Kyiv Court of Appeal granted an application of Misen Enterprises AB whereby Misen Enterprises AB sought recognition and enforcement of the Second Partial Final Award dated 12 June 2020 (subject to the Corrections of the Second Partial Final Award dated 18 August 2020). Accordingly, JSC Ukrgasvydobuvannya is liable to reimburse EUR 2,739,784.53 (approx. KSEK 28 990), SEK 344,415.38, USD 7,971.59 (approx. KSEK 72), and GBP 10,940.05 (approx. KSEK126) to Misen Enterprises AB for the legal costs incurred the SCC case V 2016/114. JSC Ukrgasvydobuvannya may appeal the ruling before the Supreme Court of Ukraine under Ukrainian law.