By Maya Lester KC & Michael O’Kane

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By Maya Lester KC & Michael O’Kane

Litasco begins process of ICSID arbitration against Bulgaria over Lukoil Bulgaria sanctions

5 March 2026

Litasco begins process of ICSID arbitration against Bulgaria over Lukoil Bulgaria sanctionsIasen Doltshinkov/Shutterstock.com

Litasco SA, a Geneva-based subsidiary of Lukoil, has submitted a notice of dispute to Bulgaria over Bulgaria’s decision to put its assets into administration because of US sanctions on Lukoil. The US sanctioned Lukoil...

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Regimes / Regions

Sanctioning States

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  • Arbitration
Michael O'Kane
By Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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