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 […]
Tag: Lugovoy Law
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 […]