On the decision of the Supreme Court of the Russian Federation of 24 March 2026, No. 78-КГ25-37-КЗ In two recent decisions, Russian courts dealt with claims against souvereign states. In the one case, (Supreme Court, case no. No. 78-КГ25-37-КЗ – provided below since the website of the Russian Supreme court is inaccessible from abroad), it […]
Tag: Russia
Piercing the Corporate Veil: Siemens AG and its Russian subsidiary held subsidiarily liable for debts of Russian Spin-Off in Landmark Judgment by Russian Court
The St. Petersburg Arbitrazh Court has held Siemens AG and its former Russian subsidiary subsidiarily liable for the debts of OOO (Russian LLC equivalent) “Neftegaz i Energetika”, marking a landmark insolvency judgment amid sanctions and contested restructuring. © unsplash, Sasun Bughdaryan I. Introduction On 21 August 2025, the Arbitrazh Court of Saint Petersburg and Leningrad […]