Insights & News
Russian Supreme Court has confirmed that Russian countersanctions do not prevent the enforcement of arbitral awards in favour of “unfriendly” creditors
In 2022, the Russian Government established the List of Foreign States and Territories Committing Unfriendly Actions against Russia, Russian entities and individuals (“Unfriendly Jurisdictions”). The Russian countersanctions in force impose a special order for fulfilling certain obligations towards creditors from such jurisdictions (e.g., arising from some financial, corporate and IP relationships).
12 February 2025
Newsletters
Newsletter: Foreclosing “C”-type accounts: new trend or extraordinary measure?
Since 2022 restrictions are imposed with respect to transactions with persons from “unfriendly” countries in the Russian Federation
05 November 2024
Newsletters
Exporting Russian bankruptcy
Dear Ladies and Gentlemen! The imposition of foreign sanctions against Russia also impacts the prospects of Russian judgments being recognized and enforced in “unfriendly” jurisdictions. Some even believe that these sanctions completely prevent such
16 August 2024
Newsletters
Sergey Petrachkov To Speak at London International Disputes Week
London International Disputes Week LIDW24 will take place on 3-7 June. The event will be a focal point for legal experts from around the world to discuss progress made in dispute resolution over the...
27 May 2024
Newsletters
Highlights of the Three-Year Application of Russia’s Counter-Sanctions Procedural Rules: Extremely Broad Scope and New Challenges for Foreign Business
Dear Ladies and Gentlemen, In 2020, Articles 248.1 and 248.2 of the Russian Arbitrazh (State Commercial) Procedure Code (“APC RF”) took effect to provide additional judicial protection for Russians due to foreign sanctions (restrictive measures). We have addressed these new statutes, their initial application by Russian courts, as well as the precedent-setting Russian Supreme Court ruling in the Uraltransmash v. PESA case in our previous newsletters.
22 January 2024
Newsletters
Reverse Piercing of the Corporate Veil – Russian Courts Tend To Shift Liability from Foreign Companies to Their Russian Subsidiaries
Dear Ladies and Gentlemen,
...
29 December 2023
Newsletters
A word spoken is past recalling: Russian Supreme Court explained the regulations on liability for breach of representations
The Judicial Chamber on Economic Disputes of the Supreme Court of the Russian Federation has considered TrustForex LLC case (No. A40-167835/2021) concerning the...
29 March 2023
Newsletters
Expanding the powers of the Prosecutor's Office in arbitrazh and civil court proceedings
On 7 October 2022 the President of the Russian Federation has signed [Federal Law No. 387-FZ](https://sozd.duma.gov.ru/bill/1192314-7 'Federal Law No. 387-FZ') 'On Amendments to Article 52 of the...
10 October 2022
Newsletters