Drew Holiner appears for Naftogaz in US$1.4 billion AIFC Court appeal

05 Oct 2026

Drew Holiner appeared for Naftogaz of Ukraine before the Court of Appeal of the Astana International Financial Centre in proceedings concerning the recognition and enforcement of an ICC arbitral award against Gazprom worth approximately US$1.4 billion.

The appeal raises important questions concerning the AIFC Court’s jurisdiction to recognise and enforce foreign arbitral awards and the interpretation of its constitutional and statutory framework. Permission to appeal was granted following conflicting first-instance decisions on the scope of that jurisdiction.

The Naftogaz appeal was heard alongside a related appeal brought by Posco Co. Ltd. on 30 September 2026, marking the first occasion on which the AIFC Court of Appeal sat as a three-judge panel. Judgment is awaited.

Drew was instructed by Wikborg Rein and appeared alongside Valikhan Shaikenov of ADL Disputes.

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