Archive for December, 2011

New Rules for Interim Measures Related to Enforcement of Arbitral Awards in Ukraine

New Rules for Interim Measures Related to Enforcement of Arbitral Awards in Ukraine

The Ukrainian Parliament adopted long-expected amendments to the Civil Procedure Code of Ukraine regarding interim measures in foreign judgment and arbitral award enforcement proceedings. The new rules became binding on 19 October, 2011.  The new rules allow foreign creditors to apply for interim measures while recognition and enforcement proceedings are still pending.  Thus they can ensure, […]

Suspension of Arbitral Award Enforcement Because of Financial Hardship
By 14 December, 2011 0 Comments Read More →

Suspension of Arbitral Award Enforcement Because of Financial Hardship

On 3 November a Russian court of appeal set aside the 2-year suspension order of arbitral award enforcement granted  because of financial difficulties of the debtor. The history of arbitration is as follows. English company Borregaard Industries Ltd operating in Norway successfully applied to the Commercial Court of Saint-Petersburg and Region to enforce an arbitral […]