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ArbitrationEven an arbitration clause in favour of a seat in a ‘friendly’ country can be overturned by Russian courts.
Introduction On August 28, 2024, the Arbitrazh Court of Primorsky Kray in Russia issued a notable ruling in Case А51-7534/2024. The dispute involved a Russian plaintiff and an Irish defendant concerning the modification of a bareboat charter agreement for a vessel, as well as the recognition of ownership rights over that vessel. Background facts The […]
ArbitrationRussia: New law protects sanctioned citizens from foreign proceedings
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.
