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Purnama Trisnamansyah
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Journal : Kanun: Jurnal Ilmu Hukum

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UNITED KINGDOM IMPOSES SANCTIONS ON ROMAN ABRAMOVICH'S ASSETS: IS IT AN INDIRECT EXPROPRIATION? Owen, Patrick; Amalia, Prita; Trisnamansyah, Purnama
Kanun Jurnal Ilmu Hukum Vol 26, No 3: December 2024: Law and Justice in Digital Age
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/kanun.v26i3.39515

Abstract

The asset freeze imposed by the United Kingdom(UK) on Roman Abramovich raises a critical legal issue regarding its classification as indirect expropriation under international investment law. A legal gap exists in interpreting economic sanctions as acts of indirect expropriation, particularly their compatibility with protections provided under Bilateral Investment Treaties (BITs). The research addresses whether such sanctions constitute unlawful indirect expropriation and examines the protection of Abramovichs rights as a foreign investor under international law. Using a normative juridical approach, the analysis draws on international treaties, arbitration case law, and BIT provisions between Russia Federation and the United Kingdom. Findings indicate that the sanctions meet the criteria for indirect expropriation, causing substantial economic loss and disruption to Abramovichs investments, including Chelsea FC. This paper contributes to the discourse on balancing state sovereignty, regulatory powers, and investor protections, offering insights into the broader implications of politically motivated actions on foreign investments.
Co-Authors Alya Rahmayani Amelia Sundari Waliyani An An Chandrawulan An An Chandrawulan An-An Chandrawulan An-An Chandrawulan Anan Chandrawulan Anita Afriana Arumadanti Poerwanto Dandrivanto Budhijanto Dena Zahra Aulia Denisa Sugih Ayu Dewi Kania Sugiharti Divanadia, Dessandra Etty Mulyati Fakhri, Muhammad Ibnu Fauzi Maulana Hakim Helitha Novianty Muchtar Hilmansyah, Salma Syifaya Holyness N Singadimedja Huala Adolf Inzaghi, Rafly Nauval Isis Ikhwansyah Isis Ikhwansyah Isis Ikhwansyah Isis Ikhwansyah Karami, Ahmad Adib Misridaputri*, Syifa Salsabila Nadhilah Mustika Owen, Patrick Prita Amalia Prita Amalia, Prita Pupung Faisal Purba, Tesalonika Putri Pinuram Rambe Quinnashya Pradipta Early Folanda Rahmat, Rizka Raniah Rezkyna, Nabilah Rizka Raniah Rahmat Salfia Putri Sakina Sheehan Ariel Mohammed Gaffar Sinta Dewi Sinta Dewi Rosadi, Sinta Dewi Stephen Wongso Syifa Salsabila Misridaputri* Tamara Sulistio, Chealse Yani Pujiwati Yusuf Saepul Zamil