123 - Russian-linked Nord Stream files claim after 2022 blast

 February 

I monitor Nordstream related news daily, several times a day. - 

Yesterday the X/twitter came with this news:

20 Feb 2024 - After the two-year anniversary of #Russia's heinous invasion of #Ukraine, Russian-state dominated #NordStream has sued its insurers @LloydsofLondon and @ArchInsInt after its pipelines were suspiciously destroyed in 2022.

[MRT: Nordstream AG is owned 51% by Gazprom, 49% is by consortium of GER, AUT, FRA and DUT companies. The Nordstream 2 AG is fully owned subsidiary of Gazprom where 49% of equity is in the form of loan by the same companies as NS1. Both are incorporated in Zug Switzerland. Was the attack against a SUI companies? SUI did not attend UN meeting, did not rise concerns. Who has jurisdiction to the case? Gazprom is majority owed by RU state but rest is other investors, pension funds etc. IF the crime is connected to the Ukrainian war and IF it was done by a Western state as to prevent Russia to get income then, if found guilty, the claim will be astronomical. The definition of what the event was is very important. Read my post bellow.]

The tweet points to this article: "Russian-linked Nord Stream files claim after 2022 blast" which is unfortunately behind a paywall. 

"The consortium behind Nord Stream, which runs a network of pipelines under the Baltic Sea between Russia and Germany, has moved to sue its insurers Lloyds and Arch Insurance."

Additional information:

"@LloydsOfLondon and @MunichRe insured Nord Stream 2 and Gazprom’s insurance arm SOGAZ."

Here is short intro about SOGAZ: wikipedia

19 February 2024 - Nord Stream AG v. Lloyd's Insurance Company S.A. and another

(via Erkperk who found this case nr.)

LEGAL related posts:

Have sanctions against Nordstream Insurers created Catch-22 situation?

The Definition, Severity and Accountability of the Nordstream Affair

Who said it is a "Sabotage" first?

The Act of Retorsion allows Gazprom legal suspension of deliveries to Europe

The $1.5 Trillion Margin Call on EU energy Utilities

Nordstream emergency response plan and yearly check-ups

IN-DEPTH ANALYSIS - Security threats to undersea communications cables and infrastructure – consequences for the EU (Sunak´s paper)

QUESTIONS:

• Did the SWE decision not to pursue the case due to no jurisdiction opened the door for the claim?
  
  
• What is the definition of the case? Was it sabotage, terrorist act, armed attack?
  
  
• Will the case be open to public or is it going to be behind closed doors settlement?