Work Area: Sanctions

Months after White & Case announced it would cease acting for Russian and Belarusian state clients in response to the invasion of Ukraine, the law firm has withdrawn as counsel to Belarus in one ICSID case but remains on the record in another.

24 October 2022

The London Court of International Arbitration has been granted a general licence allowing it to process payments from parties subject to the UK’s recent financial sanctions against Russia and Belarus to cover their arbitration costs.

17 October 2022

A conference organised by the Swiss Arbitration Association (ASA) considered economic sanctions and the many ways they can affect international arbitration and cause “sleepless nights” for practitioners. Chloé Terrapon Chassot of Walder Wyss reports.

12 October 2022

Ukraine is petitioning the United Nations to create a commission to resolve claims against Russia for financial damages arising out of the war – amid speculation that some US$300 billion in frozen Russian central bank assets could be targeted for enforcement.

10 October 2022

Gazprom has warned Ukraine’s Naftogaz that it must drop an ICC claim over gas transportation fees or risk sanctions that could result in the closure of a critical Russian pipeline supplying Europe.

28 September 2022

A conference in Prague considered how arbitrators and quantum experts should deal with the impact of sanctions, counter-sanctions and high inflation. Tatiana Rukhliada, Martin Kozak and Katerina Skryjova of PwC in Prague report.

23 September 2022

A Dutch court has ruled that the dean of the Hague Bar was wrong to refuse to appoint replacement legal representation for Russia in various set-aside proceedings after the state’s original counsel resigned following the outbreak of war in Ukraine. 

21 September 2022

Rosneft has threatened to bring a claim against Germany after the state seized control of oil refinery assets worth €4.6 billion to shore up energy supplies.

20 September 2022

Nikolaus Pitkowitz of Austrian boutique Pitkowitz & Partners has taken over as president of the Vienna International Arbitration Centre from Günther Horvath, who steps down after three-and-a-half years in the role.

13 September 2022

The French Court of Cassation has blocked a Kuwaiti arbitral creditor from attaching US$300 million worth of assets belonging to a Libyan sovereign wealth fund, in line with recent EU case law curbing attempts to target assets frozen by international sanctions.

08 September 2022