Work Area: Sanctions

A Moscow court has enforced an SCC award that found an Austrian subsidiary of Russia’s largest petrochemicals group was not owned or controlled by persons subject to EU or UK sanctions.

24 October 2024

The Hong Kong Court of First Instance has restrained a Russian state-owned bank from pursuing litigation in St Petersburg against its German subsidiary in defiance of an HKIAC arbitration clause. 

15 October 2024

Finland’s Fortum Oyj says it has settled its €200 million ICC dispute with a Danish manufacturer over Russian wind projects – as Russia instructs counsel in a separate treaty claim lodged by the Finnish state-owned company. 

11 October 2024

The main shareholders of Austrian engineering group Strabag have filed for arbitration in Amsterdam against a sanctioned minority investor previously linked to Russian oligarch Oleg Deripaska. 

10 October 2024

A Dutch lender has threatened to bring a treaty claim against Ukraine over the nationalisation of one of the country’s biggest banks – as an ICSID claim brought by the bank’s sanctioned Russian former owners gets underway. 

03 October 2024

Poland says that an emergency arbitrator at the Stockholm Chamber of Commerce has refused to halt the government-mandated sale of a Polish insulation plant owned by two sanctioned Russian oligarchs.

03 October 2024

The General Court of the European Union has upheld EU sanctions that prohibit giving legal advice to the Russian government and Russian entities, while confirming the ban does not extend to advice relating to judicial or arbitral proceedings. 

02 October 2024

UPDATED WITH COUNSEL. Germany’s Wintershall Dea has filed two investment treaty claims against Russia, seeking several billions of euros in damages over the alleged expropriation of its assets in the country. 

01 October 2024

A Danish state-owned utility says an arbitral tribunal has affirmed its right to cancel a coal supply contract with a Russian entity because of EU sanctions. 

24 September 2024

UPDATED. A Russian court has enforced a US$500 million SIAC award won by a sanctioned Russian engineering group against Vietnam’s national oil and gas company – despite a stay of enforcement issued by the Singapore courts. 

23 September 2024