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Arbitration Lugovoy Law SanctionsRussian Court Threatens Two Major Dutch Law Firms with €57.4 Million Penalties in Gazprom Anti-Suit Injunction
Introduction In a decision dated 22 October 2026, the Arbitrazh Court of St Petersburg and the Leningrad Region in case number A56-67016/2026 (Decision of 22 October 2026 – A56-67016/2026) rendered a judgment on Gazprom’s application to prevent the enforcement of an ICC arbitral award and the continuation of related proceedings outside Russia. The court granted […]
SanctionsAmsterdam court orders ING to keep Gazprom account open, citing upcoming “basic business payment account” right
Introduction In a decision dated 19 October 2026, the Rechtbank Amsterdam (District Court of Amsterdam) in case number C/13/794179 / KG ZA 26-837 LV/MV (ECLI:NL:RBAMS:2026:10265) rendered a judgment on a bank’s ability to terminate a corporate banking relationship in summary proceedings, against the backdrop of imminent Dutch AML legislation creating a right to a basic business payment account. The court (sitting […]
Arbitration SanctionsCJEU: Indirect Access to Arbitral-Award Payments must be proven, not hypothecial
Introduction In a decision dated 15 October 2026, the Court of Justice of the European Union, Fifth Chamber, in Case C‑842/24, DNO Yemen (ECLI:EU:C:2026:868), rendered a judgment on whether payment of an arbitral award to Yemeni public entities could indirectly make funds available to persons subject to EU restrictive measures. The proceedings concerned Article 2(2) […]
SanctionsGerman court upholds seizure of €95,800 over suspected attempt to export euro banknotes to Russia under EU sanctions
Introduction In a decision dated 7 October 2026, the Landgericht Nürnberg-Fürth (Regional Court of Nuremberg-Fürth) in case number 12 Qs 62/12 (Landgericht Nürnberg-Fürth, 12 Qs 62/12) rendered a ruling on the continued seizure of cash in an investigation concerning alleged violations of EU Russia sanctions. The court dismissed the suspect’s appeal as unfounded and held […]
Arbitration Lugovoy Law SanctionsRussian cassation court upholds EUR 1.5 million penalty for breaching anti-arbitration injunction in Siemens v RZD dispute
Introduction In a decision dated 6 October 2026, the Arbitrazh Court of the Moscow District (Russia) in case number А40-98870/2022 (АС Московского округа – Решения и постановления vom 06.10.2026 – А40-98870/2022) in the Siemens v RZD case rendered a judgment on a monetary sanction for non-compliance with a Russian court order prohibiting the initiation of […]
Investment Arbitration SanctionsCan the EU Rule Out the Enforcement of Investment Treaty Awards on Sanctions?
Orders of the General Court of 2 October 2026 in Ber v Council T-640/25 and Shelkov v Council T-655/25
Maritime Industry SanctionsEnglish Commercial Court Enforces Bareboat Charter Guarantees in Sanctions Dispute
Introduction In a decision dated 2 October 2026, the High Court of Justice, Commercial Court, in case number CL-2024-000583 (GTLK Malta Four Limited v Pola Maritime Limited & Ors [2026] EWHC 2514 (Comm)) rendered a judgment on the enforcement of joint guarantees supporting finance bareboat charters affected by EU, UK and US sanctions. Ms Lesley […]
