Will Kazakhstan side with the New York Convention or recognise a Lugovoy judgement? On 15 May 2026, the Court of First Instance of the Astana International Financial Centre (“AIFC Court”) issued a judgment recognising and enforcing a USD 1.37 billion ICC arbitral award obtained by Naftogaz against Gazprom. The award itself had been rendered in […]
Tag: Lugovoy Law
Effects of ICC award nullified by contradicting Russian Lugovoy Law judgement
In its judgment of 27 April 2026, the Arbitrazh Court of the Murmansk Region (case no. A42-2551/2025) ordered T. AG (Germany) and AS L. (Latvia) to jointly compensate damages of EUR 8.8 million to ООО “MTP Lavna”. The court held that the defendants’ refusal to return advance payments—based on EU sanctions—constituted a tortious act under […]
Russian Court Disregards ICC Arbitration Clause under Art. 248.1 APC RF and Orders U.S. Company to Refund Advance Payment to Russian Helicopters Subsidiary
On 27 January 2026, the Arbitrazh Court of the Republic of Buryatia ordered U.S.-based VTS Aviation LLC to refund USD 81,200 paid as an advance under a 2020 supply contract to JSC Ulan-Ude Aviation Plant, a subsidiary of the sanctioned Russian Helicopters holding – despite the contract containing an ICC arbitration clause providing for dispute […]
High Court of Singapore Confirms Termination of Arbitration Due to Sanctions imposed on the Claimant
Introduction In a decision rendered on 9 February 2026 [2026] SGHC 32, the Singapore High Court rejected an application to set aside the order of a SIAC tribunal terminating an arbitration because the claimant could not continue the proceedings due to sanctions. The case confirmed the tribunal’s obligation to terminate an arbitration when continuation becomes […]