Tag: Ekaterina Butler

Enforcement of Arbitration Awards in Russia: Public Policy on Excessive Damages

Enforcement of Arbitration Awards in Russia: Public Policy on Excessive Damages

In 2011, within the period of two months, the Supreme Commercial (Arbitrazh) Court of the Russian Federation rendered two important decisions concerning the enforcement of international arbitral awards.  In both cases enforcement applications were challenged on the ground, inter alia, of excessive damages as contrary to the public policy of the Russian Federation. Pursuant to paragraph […]