Work Area: Sanctions
Russian court freezes Baker Hughes assets ahead of ICC case
A Russian gas venture has frozen more than US$50 million in assets held by a Baker Hughes subsidiary as it prepares to file an ICC claim over a terminated contract.
18 August 2023
Russian airline threatens treaty claim against Canada
Russia’s largest cargo airline has threatened to file an investment treaty claim against Canada over the seizure of one of its aircraft at Toronto airport.
15 August 2023
French court upholds seizure of Iraqi bank assets
The Paris Court of Appeal has allowed a Dutch supplier of night vision goggles to seize funds belonging to Iraq’s second-largest bank to satisfy a pair of ICC awards issued against Iraqi ministries two decades ago.
07 August 2023
Russian state entity seeks LCIA arbitration
UPDATED: A Moscow Court has reportedly rejected a request by a sanctioned Russian state-owned entity to move litigation over Eurobond debt to the London Court of International Arbitration.
03 August 2023
Chinese investors drop sanctions bid against US law firm
A group of cinema investors have withdrawn a request for court sanctions against a law firm they accused of helping a billionaire client to destroy evidence and evade enforcement of a US$450 million CIETAC award.
26 July 2023
Russian chemicals group threatens claim against Poland
A sanctioned Russian chemicals group says it will pursue international arbitration after Polish authorities seized control of its stake in a local fertiliser producer.
14 July 2023
Finnish energy company threatens Russia with multibillion-euro claim
Finland’s majority state-owned energy company has threatened Russia with an investment treaty claim worth several billion euros after its operations in the country were seized under a presidential decree.
13 July 2023
Shipbuilder drops claims in Mozambique bribery dispute
Mozambique has seen the end of four arbitrations lodged by an Abu Dhabi-based shipbuilder that the state accused of paying bribes to procure sovereign guarantees for lenders – allegations at the centre of a US$2 billion lawsuit pending in the UK courts.
12 July 2023
Russian court refuses to stay lawsuit for HKIAC arbitration
A Russian court has refused to suspend a billion-euro lawsuit in favour of HKIAC arbitration – finding there was reason to doubt the sanctioned defendant would be guaranteed a fair trial at the Hong Kong centre.
05 July 2023
Anti-suit injunction upheld in Russian ammonia plant dispute
The Court of Appeal in London has affirmed that Italian engineering group Tecnimont breached an anti-suit injunction issued in aid of a billion-euro ICC arbitration over a Russian ammonia plant disrupted by international sanctions.
03 July 2023