Archive for July, 2020

Dual national fails in a multi billion claim against Russia

Dual national fails in a multi billion claim against Russia

On 22 June 2020 the Russian Ministry of Justice announced that the UNCITRAL tribunal hearing Mr Serghei Pugachev’s US$14.5 billion claim against the Russian Federation under France-USSR 1989 BIT (the “BIT”) lacked jurisdiction over the claimant’s claim. The tribunal found that the claimant was not a French national at the time he made his investments […]

Практика рассмотрения арбитражными судами  дел об оспаривании третейских решений

Практика рассмотрения арбитражными судами дел об оспаривании третейских решений

Dmitry Davydenko. CONSIDERATION BY ARBITRAZH COURTS OF CASES ON CHALLENGING ARBITRAL AWARDS This paper provides an overview of the legal regulation and practice of Russian state arbitrazh (commercial) courts in cases of challenging arbitral awards. The paper specifies legal grounds and procedure for challenging arbitral awards in Russia, the typical arguments of the applicants in […]

Russian Court Thwarts Asset Shifting Manoeuvre in Support of the LCIA Arbitration

Russian Court Thwarts Asset Shifting Manoeuvre in Support of the LCIA Arbitration

On 4 June 2020, the Commercial Court for the city of St. Petersburg and the Leningrad Region granted provisional relief in order to prevent dissipation of assets and thus to avoid the frustration of enforcement of an LCIA award in Russia. The court articulated ”reasonable suspicion“ standard for preliminary relief and provided further guidance and […]