On 8 June 2020, the Russian President signed a new federal law (No.171-FZ), which will significantly change the dispute resolution landscape involving Russian sanctioned individuals and entities. It will come into force on 19 June 2020. It is significant as it provides for exclusive jurisdiction of the Russian state arbitrazh (commercial) courts with respect to … Read more
Ever since the introduction and then expansion of international sanctions on Russia (in particular by the US and the EU), arbitration practitioners have questioned whether this will prompt a change in the party selection of international arbitration in Russia-related commercial agreements. Specifically, whether historically popular arbitral venues outside Russia (London, Stockholm and others in Europe) … Read more
The LCIA has recently released its Facts and Figures for 2016. This report (Facts and Figures – 2016 A Robust Caseload.pdf), which is produced annually, provides an overview of and insights into the LCIA's caseload. It includes detailed statistics concerning aspects of the caseload ranging from the industry sectors concerned, to arbitrator appointments, and the … Read more
Herbert Smith Freehills is pleased to be hosting the 31st Annual ICC and School of International Arbitration Joint Symposium on "Powers and Duties of Arbitrators: Rules, Law, Practice and Ethics, Emergency Arbitration and Dealing with Sanctions". The Symposium is co-chaired by Antonias Dimolitsa (Vice Chair, ICC Institute of World Business Law) and Professor Julian D.M. … Read more
Over the course of the last year, sanctions imposed on Russia in response to its intervention in Ukraine have been expanded to include restrictions on some of the largest government-owned entities in Russia’s financial, energy and defense sectors. Commercial entities must therefore consider their options for resolving current or potential disputes. In this post, we … Read more
Monday 22 September 2014, 2.00pm – 3.00pm BST The international sanctions landscape has continued to develop in response to the situation in Ukraine. On 12 September, the EU and US both published details of expansions to their existing sanctions against Russia, including in relation to the restrictions on certain Russian companies’ ability to access the … Read more
Herbert Smith Freehills has published the latest edition of its Sanctions Update e-bulletin on new EU regulations, published on 30 and 31 July 2014, that expand sanctions against Russia in response to the situation in Ukraine. These regulations enact the measures announced by the EU on 29 July 2014. This briefing provides a summary of … Read more
Herbert Smith Freehills has published the latest issue of its Corporate Crime e-bulletin. This edition covers the new sanctions designations issued by the US Office of Foreign Assets Control (OFAC) in response to the situation in Ukraine, as well as OFAC’s additional guidance regarding the scope of US Ukraine related sanctions. For further information, please contact Scott … Read more
Herbert Smith Freehills has published the latest edition of its Sanctions Update e-bulletin. This edition covers the new sanctions regime agreed by the EU against Russia, including: the introduction of “phase 3” sanctions affecting key sectors of the Russian economy such as the banking and energy industries; trade restrictions relating to Crimea and Sevastopol; and expansions … Read more
