Work Area: Sanctions
Russian court restrains SCC case against Rosneft entity
A Russian court has ordered a Texas oil company to refrain from pursuing a Stockholm Chamber of Commerce arbitration against a Rosneft subsidiary or face a US$148 million penalty – as a final award in the dispute comes to light.
22 February 2023
French utility pursues Gazprom over supply shortage
French utility Engie says it is pursuing arbitration against Gazprom’s export arm, accusing the Russian state entity of gas delivery shortages following a payment dispute.
21 February 2023
Czech Republic threatens claim over exit from Soviet-era banks
The Czech Republic has threatened arbitration against two Moscow-led development banks created during the Soviet era, as the state looks to recover its investments after it withdrew its membership following the Russian invasion of Ukraine.
06 February 2023
Belarusian arbitrator charged over support for Ukraine
Aliaksandr Danilevich, the Belarusian arbitration practitioner arrested for co-signing a petition denouncing Russia’s invasion of Ukraine, has been charged with supporting sanctions and extremism and faces up to 12 years in prison if convicted.
11 January 2023
Russian court freezes German assets ahead of billion-euro gas arbitration
A Russian court has frozen nearly US$500 million in assets belonging to German multinational Linde pending a billion-euro HKIAC arbitration that a Gazprom venture is pursuing over a suspended gas plant project.
04 January 2023
Iranian gas award enforced in Rotterdam
Iran’s national oil company has failed to halt enforcement of a US$2.4 billion award in Rotterdam despite its last-minute entreaty to Dutch prosecutors to investigate the Emirati award creditor for alleged corruption.
13 December 2022
Gazprom sheds light on dispute with Finnish gas buyer
Gazprom has provided more details about an award issued in an arbitration with a Finnish state-owned gas importer, saying the tribunal ruled the Russian company is owed over €300 million and was entitled to cut off supplies owing to force majeure.
17 November 2022
Deripaska fails to revive treaty claim against Montenegro
A Swedish court has denied a bid by sanctioned Russian oligarch Oleg Deripaska to revive a €600 million claim against Montenegro – rejecting arguments the state had succeeded to a bilateral investment treaty signed by the former Yugoslavia.
11 November 2022
Will Exxon bring a claim against Russia?
ExxonMobil says it is reserving its right to pursue arbitration against Russia over the “expropriation” of its interest in a multibillion-dollar oil and gas project.
02 November 2022
UK eases legal fee rules for sanctioned Russians
UK financial sanctions agency OFSI has simplified the process for lawyers accepting payments from clients on Russian and Belarusian sanctions lists.
01 November 2022