Compliance Updates

Olympic Entertainment files lawsuit against Ukraine’s gambling ban

Published

6 years ago

January 25, 2019

Niji Narayan

Olympic Entertainment files lawsuit against Ukraine’s gambling ban

Photo Source: populars.eu

Reading Time: < 1 minute

Olympic Entertainment filed a lawsuit against Ukraine in international arbitration against the ban and the closure of its casinos.

The Ministry of Justice received a message from Olympic Entertainment Group about opening arbitration proceedings against Ukraine in accordance with the arbitration rules of the UN Commission on International Trade.

In 2009, the Ukrainian government imposed a ban on gambling and restricted the activities of gambling establishments in the country.

The company claims that Ukraine has taken discriminatory measures and violated the rule of protecting foreign investment.

The case will be considered by international ad hoc arbitration. At the moment, there is a procedure for the formation of the arbitration tribunal. Ukraine decided to involve a foreign legal adviser to participate in the trial.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.