NEWS (January 22, 2010)

Chadbourne & Parke LLP helped OPIC return to Ukraine

Chadbourne & Parke LLP assisted the Overseas Private Investment Corporation (OPIC) in the resolution of its long-standing dispute with the Government of Ukraine. The original dispute involved OPIC payment in 1999 of a political risk insurance claim to Alliant Techsystems Inc, a sponsor of a project in Ukraine. The Kiev office of Chadbourne & Parke LLP advised OPIC on the settlement of the dispute, which was signed on 16 December 2009. Now, OPIC has restored its programs in Ukraine and will be able to provide financing and political risk insurance to American companies investing in Ukraine.

This transaction was led by the international partner Oleg Mazur and counsel Elena Repkina, assisted by associates Tatiana Dovgan and Roman Shulyar.

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