The European Court of Justice (ECJ) recently issued a judgment in Case C-109/23, which addresses the legal question of whether a German notary’s role in authenticating the sale of immovable property owned by a Russian legal entity violates the EU’s restrictive measures concerning Russia. Specifically, this case revolves around Article 5n(2) of Council Regulation (EU) […]
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Anti-anti suit injunctions – A matter of constitutional law?
On 17 July 2024 the Düsseldorf Higher Regional Court decided an immediate appeal (Beschluss vom 17.06.2024 – 26 W 7/24) in the matter of an anti-anti-suit injunction and thereby joined the ranks of many popular international court decisions regarding this powerful tool of procedural law in common law jurisdictions. The background of this dispute is […]
Arbitral award not recognised because arbitrators came from “unfriendly countries”
Darla Hueske via Unsplash Introduction On July 26. 2024, another judgment of the Supreme Court of the Russian Federation (Case А45-19015/2023, judgment No. 304-ЭС24-2799) made headlines regarding a legal dispute between a German claimant and Russian defendant. The underlying legal dispute was preceded by an arbitration award by an arbitration tribunal in London applying the FOSFA […]
GMAA Workshop: EU ETS und seine Anwendung in der Schifffahrt
Die Zukunft des Seeverkehrs: EU ETS und Treibhausgasneutralität Die Schifffahrtsbranche befindet spätestens mit der Einführung des Europäischen Emissionshandelssystems (EU ETS) im Seeverkehr in einer Transformationsphase. Die German Maritime Arbitration Association hat die Bedeutsamkeit dieses Themas erkannt und veranstaltet daher am 4. Juli 2024 einen Workshop zu dem Thema. Dafür hat sie uns, Henrike Koch (Partnerin […]
No enforcement against frozen property without prior
The Federal Court of Justice (BGH) decided on January 25, 2024, under case number IX ZR 19/22, that without authorization from the German Federal Bank, frozen funds and economic resources cannot be seized under Regulation (EU) 2016/44. The case involved G. GmbH, which secured an arbitration award against the Libyan state fund L., entitling it […]
Finally: The DEHSt calls Shipping Companies to open their Maritime Operator Holding Accounts
The 3 June 2024 marks a big step in the implementation of the EU ETS for shipping in Germany. Maritime Operator Holding Accounts (MOHA’s) in the German Section of the Union Registry can finally be opened! This comes long after the envisioned deadline of 40 days within the publication of “the list” of Shipping Companies […]
Robbed of Their “Oomph”: Ronald Perelman’s $410M Insurance Claim Over allegedly Fire-Damaged Artworks
Years after the fire in 2018, a prominent art collector and businessman Perelman claims that 5 artworks lost their spark, luster and depth and demands $410m for them. The insurance companies have argued that the works had “not sustained any detectable damages”. Allegations of Damage: Oomph or no oomph? At the heart of the dispute […]