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 โฌ7.6 million claim against Wartsila for non-compliance with six independent guarantees. Background facts The guarantees were related to a contract with the Russian […]
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” […]
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 […]
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 […]
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 ๐๐ก๐ข๐ฉ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ ๐๐จ๐ง๐ญ๐ซ๐๐๐ญ๐ฌ๐๐ก๐ข๐ฉ ๐ซ๐๐ ๐ข๐ฌ๐ญ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐ฆ๐จ๐ซ๐ญ๐ ๐๐ ๐๐ฌ๐๐ข๐ฆ๐ข๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ข๐๐๐ข๐ฅ๐ข๐ญ๐ฒ๐๐จ๐ซ๐ญ ๐๐ญ๐๐ญ๐ ๐๐จ๐ง๐ญ๐ซ๐จ๐ฅ๐๐ฅ๐๐ฌ๐ฌ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐จ๐๐ข๐๐ญ๐ข๐๐ฌ๐๐จ๐ฅ๐ฅ๐ข๐ฌ๐ข๐จ๐ง, ๐๐๐ฅ๐ฏ๐๐ ๐, ๐๐ซ๐๐๐ค ๐๐๐ฆ๐จ๐ฏ๐๐ฅ ๐๐ง๐ ๐๐จ๐ฅ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐๐ก๐ข๐ฉ ๐๐ซ๐ซ๐๐ฌ๐ญ๐๐ฎ๐๐ข๐๐ข๐๐ฅ ๐๐๐ฅ๐ ๐จ๐ ๐๐จ๐จ๐๐ฌ๐๐๐ซ๐ซ๐ข๐๐ ๐ ๐จ๐ ๐๐จ๐จ๐๐ฌ ๐๐ฒ ๐๐๐ […]
On the 8th of September the European Commission posted an update to the โfrequently asked questions โ(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 […]
A worldwide freezing order under English law is a legal instrument that allows to freeze a defendantโs assets located across the world, and not limited to just one jurisdiction.ย In contrast to an arrest, a worldwide freezing order has no effect in rem, but ad personam. It may exert enforcement and good conduct pressure on internationally […]