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On June 8, 2020, Russia enacted Federal Law No. 171-FZ1 (the “Law on Protection from Sanctions”). Under this new statute, a person or entity that is the subject of Russian sanctions can...

Uraltransmash v PESA: Supreme Court rules on arbitration involving a Russian sanctioned person ENG - Vimarsana News

Uraltransmash v PESA: Supreme Court rules on arbitration involving a Russian sanctioned person ENG

In case А60-36897/2020 the Russian Supreme Court has given its first interpretation of provisions of the Arbitrazh Procedure Code which took effect in 2020, aimed at protecting sanctioned persons from arbitration and litigation outside Russia.Overview of the Law on Protection from SanctionsOn 8 June 2020, Federal Law No. 171-FZ[1] (the "Law on Protection from Sanctions") was enacted, amending the Arbitrazh Procedure Code of the Russian Federation (the "APC")[2]. The amendments enter into force on 19 June 2020._________________________________________[1]...