K2 arbitration award: Anatomy of an arbitration, LegalCommunity

McDermott Will & Schulte partner Milo Molfa spoke with LegalCommunity about the K2 arbitration involving Maire Tecnimont and EuroChem, following a significant ruling in a dispute arising from the suspension of an industrial project in Russia after the invasion of Ukraine.

Speaking alongside Maire Group General Counsel Fabio Fagioli, Milo discussed the legal strategy behind the four-year dispute, which saw a London-seated arbitral tribunal uphold the legitimacy of the contract suspension and award approximately €260 million in costs to Tecnimont and its subsidiary.

The interview explores the complexities of international sanctions, parallel proceedings across multiple jurisdictions and the importance of collaboration between in-house and external legal teams.

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