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UncategorizedRussian Supreme Court rules that money blocked by OFAC in the US is not lost, if an application to unblock the funds has not been filed
Photo by Jp Valery on Unsplash 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 […]
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Arbitration Maritime IndustryThe 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.
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Arbitration Recognition of foreign decisionsRussian 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.
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UncategorizedGerman 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
Copyright 2023 ChatGPT Image Generator 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 […]
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Arbitration Recognition of foreign decisionsWhat 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 […]
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Maritime IndustryKDB.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.
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UncategorizedAre 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).
