In 2018 FC Dynamo Moscow confirmed the hire of Ghanian central midfielder Adbul Tetteh as part of ca.€1.2m move from Polish Ekstraklasa side Lech Poznan. The transer was confirmed, but the club failed to pay. Known for its recent financial struggles, the FC also failed to pay €350,000 to the English Lucid Sports Group Ltd for […]
A mistake in the award is disappointing. Whether it is an error of law or an error in computation. If such errors are ignored then they can lead to a change in the meaning of the ruling and can stir trouble during enforcement. An error in the calculation is all the more disappointing when $90 […]
Obtaining a favourable arbitral award is just the beginning: a victorious party has to apply to a state court for an enforcement clause to render the decision enforceable. However, even if no objections or corresponding claims were raised by the opposing party previously during arbitration, such claims may appear later on and be used to […]
Just a few days ago, we published a post with an optimistic outlook on Russian court practice in respect of recognition and enforcement of foreign arbitral awards in Russia. I called this the light at the end of the tunnel out of Russian court’s rather hostile attitude towards arbitration. Now the Arbitrage Court of the […]
The jurisprudence of Russian courts on recognition and enforceability of foreign arbitral awards in 2020 is still not homogeneous and the risk of surprising decisions remains. However, the number of decisions in which recognition and enfocement are refused on the grounds of ordre public violations is declining. One of the reasons for this positive development is the […]
In June 2020, the federal law No. 171-FZ came into force. The main rational of this law is to grant exclusive jurisdiction to the Russian state commercial courts (arbitrazh courts) over disputes involving a Russian party (or its foreign subsidiary) who has been sanctioned by a foreign state regardless of existing arbitration or jurisdiction agreement. […]
Arbitrazh Court of Moscow seizes opportunity to apply arbitration-friendly approach to an ICC-arbitration clause Background of the case (Case No. А40-156056/2019) Codest Engineering S.R.L. (Codest) is an Italian construction company with substantial operations in Russia. It played a part in the construction of the VTB-Arena-Central Stadium “Dinamo” in Moscow. In 2016, Codest as a primary […]