Work Area: Sanctions

The European Union has adopted measures allowing EU operators to claim compensation for damages caused by Russian parties – as well as new sanctions on parties that use the Russian courts to interfere with arbitration and litigation. 

27 June 2024

A Swiss tribunal has ruled on a Russian fertiliser producer’s claim against US Formula 1 racing team Haas over a sponsorship agreement that was terminated in the wake of Russia’s war on Ukraine. 

26 June 2024

A Russian court has issued injunctions restraining Czech, French and Swiss gas buyers from pursuing international arbitration against Gazprom’s export arm. 

19 June 2024

A Polish manufacturer has asked a Russian court to enforce a Stockholm Chamber of Commerce award against a sanctioned Russian railcar maker – prompting the Russian authorities to intervene in the lawsuit. 

18 June 2024

South Korea’s Samsung Heavy Industries says it will file a claim at the Singapore International Arbitration Centre against a Russian shipyard owner that cancelled contracts worth US$4.3 billion for the supply of oil and gas tankers. 

13 June 2024

German state-owned energy group Uniper says it has won more than €13 billion in a Stockholm-seated arbitration against Gazprom’s export arm over undelivered gas, along with the right to terminate their supply contracts.

12 June 2024

A sanctioned Russian state-owned bank operating in Crimea has notified Ukraine of a potential investment treaty claim over the alleged expropriation of its assets.

05 June 2024

A Luxembourg company part-owned by sanctioned Russian oligarch Mikhail Fridman says it is considering legal action against Cyprus, alleging it has lost more than US$7 billion worth of assets as a result of regulators’ failure to approve the divestment of its holdings in Russia’s banking sector.

29 May 2024

A Czech energy group has won an order from an ICC tribunal restraining Gazprom’s export arm from pursuing Russian litigation in a dispute over undelivered gas supplies. 

24 May 2024

Russian-Israeli businessman Mikhail Fridman has threatened Luxembourg with an investment treaty claim over the country’s decision to freeze US$15.8 billion of his assets after he was placed on the EU’s sanctions list. 

21 May 2024