The ruling of the Supreme Court of the Russian Federation № 305-ЭС23-11869 dated 20.11.2023 Case № А40-179021/2022 The Supreme Court of the Russian Federation made a ruling in case No. A40-179021/2022 on the suit of OOO “IS TEX” to JSC “Moscow Industrial Bank”(hereinafter abbreviated as MInBank”) on funds recovery in connection with the cassation appeal […]
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The ongoing legal saga: Court bans Finland’s Wartsila from suing a Russian plant abroad
A court in St. Petersburg has forbidden the Finnish company, Wartsila, from pursuing or continuing arbitration proceedings abroad against a Russian plant. This decision follows the court’s earlier rejection of Baltic Plant’s €7.6 million claim against Wartsila for non-compliance with six independent guarantees. Background facts The guarantees were related to a contract with the Russian […]
Russian arbitral awards are still being recognised in Uzbekistan despite Western sanctions
The Supreme Court of Uzbekistan ruled on the recognition and enforcement of a Russian arbitral award in the context of US sanctions. EU and US sanctions against Russia are not an obstacle to the recognition and enforcement of arbitral awards issued by Russian courts – a case from Uzbekistan. In Case No. 4-10-2225/540, JSC “Uzbekneftegaz” […]
German Federal Court of Justice: Principal carrier bears no unlimited liability if the sub-carrier fails to comply with additional security measures not imposed by the sender
BGH, Urteil vom 13. Oktober 2022 – I ZR 151/21 In a recent decision, the German federal court of justice (BGH) addressed the issue of whether the principal carrier can be held fully liable without limitation to the sender under Article 29 CMR when the breach of duty is committed by the sub-carrier concerning obligations […]
What are the chances of a foreign claimant to succeed in a Russian court?
Photo published on Vecteezy Recently, during the 12th Asia Pacific International Legal Forum, the Chairman of the Supreme Court of the Russian Federation Vyacheslav Lebedev reported that the total number of economic disputes involving foreign parties has increased by 60%, to 10.6 thousand in the first half of 2023. Whereas 93% of disputes were resolved […]
KDB.legal teamed up with Lexology – Getting the deal through and published the German chapter of the Shipping report
We are happy to share that KDB.legal teamed up with Lexology Getting The Deal Through and prepared the German chapter of the Shipping Report. So, if you are researching any question regarding 𝐒𝐡𝐢𝐩𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐬𝐒𝐡𝐢𝐩 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞𝐬𝐋𝐢𝐦𝐢𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲𝐏𝐨𝐫𝐭 𝐒𝐭𝐚𝐭𝐞 𝐂𝐨𝐧𝐭𝐫𝐨𝐥𝐂𝐥𝐚𝐬𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐒𝐨𝐜𝐢𝐞𝐭𝐢𝐞𝐬𝐂𝐨𝐥𝐥𝐢𝐬𝐢𝐨𝐧, 𝐒𝐚𝐥𝐯𝐚𝐠𝐞, 𝐖𝐫𝐞𝐜𝐤 𝐑𝐞𝐦𝐨𝐯𝐚𝐥 𝐚𝐧𝐝 𝐏𝐨𝐥𝐥𝐮𝐭𝐢𝐨𝐧𝐒𝐡𝐢𝐩 𝐀𝐫𝐫𝐞𝐬𝐭𝐉𝐮𝐝𝐢𝐜𝐢𝐚𝐥 𝐒𝐚𝐥𝐞 𝐨𝐟 𝐆𝐨𝐨𝐝𝐬𝐂𝐚𝐫𝐫𝐢𝐚𝐠𝐞 𝐨𝐟 𝐆𝐨𝐨𝐝𝐬 𝐛𝐲 𝐒𝐞𝐚 […]
Are Russians now banned from bringing cars and smartphones to the EU?
On the 8th of September the European Commission posted an update to the “frequently asked questions “(FAQs) on the rules for applying sanctions against Russia. (Commission Consolidated FAQs on the implementation of Council Regulation No 833/2014 and Council Regulation No 269/2014, D. Trade and Customs, 5. Import, Purchase and Transfer of Listed Goods, 13; p.169). The […]