Work Area: Sanctions

The UK Supreme Court has provided its reasons for upholding an anti-suit injunction restraining a Gazprom affiliate from pursuing litigation in Russia in breach of a Paris-seated ICC arbitration agreement. 

18 September 2024

Luxembourg says it has instructed A&O Shearman to represent it in a US$16 billion investment treaty claim brought by sanctioned Russian-Israeli businessman Mikhail Fridman over the state’s decision to freeze his assets. 

05 September 2024

Russia’s largest cargo airline has made good on its threat to file a US$100 million investment treaty claim against Canada over the seizure of one of its aircraft at Toronto airport.  

27 August 2024

A Russian court has refused to enforce a Stockholm Chamber of Commerce award against a local railcar maker, citing the “legal aggression” of international sanctions against Russia as well as the nationalities of certain arbitrators on the tribunal. 

22 August 2024

A Russian court has allowed a Gazprom affiliate to freeze US$1.15 billion in assets owned by Germany’s Linde in a dispute over a stalled gas processing project – months after ordering the engineering group to discontinue a parallel HKIAC arbitration. 

15 August 2024

Russian-Israeli businessman Mikhail Fridman has made good on his threat to file an investment treaty claim worth at least US$16 billion against Luxembourg over the state’s decision to freeze his assets after he was placed on the EU sanctions list. 

13 August 2024

The Russian Supreme Court has overturned the enforcement of an award won by a Germany company against a Russian supplier of flaxseed, saying the British, Ukrainian and Danish arbitrators potentially lacked impartiality as they came from countries deemed “unfriendly” to Russia. 

02 August 2024

A Russian state-owned development bank has filed a US$150 million LCIA claim against the UK’s Barclays Bank under a derivatives agreement, having previously argued that the contract’s arbitration clause was inoperative due to international sanctions. 

29 July 2024

At GAR Live Istanbul, representatives from the ICC, LCIA, SIAC and Swiss Arbitration Centre compared the institutions’ approaches to appointment of arbitrators, disclosure standards, scrutiny of awards and sanctions.

15 July 2024

One of the first awards to address the disruption of Russian gas supplies to Europe caused by the war in Ukraine has surfaced – shedding light on the legal consequences of a Putin decree requiring buyers to pay for gas in roubles. 

11 July 2024