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Previously on this blog, we had reported (1) about the scope of the EU prohibition for the legal industry to engage directly or indirectly in any transaction with a legal person, entity, or body in or outside of Russia owned or controlled by the Russian Government or the Russian Central Bank introduced by the fourth sanction package and (2) the UK licenses to use frozen funds or economic resources to pay fees for legal representation.[1]…

A. LEGISLATION AND RULES A.1 Legislation International arbitration in Russia continues to be governed by the Law on International Commercial Arbitration.[1] Certain issues in relation to international commercial arbitration such as requirements for arbitral institutions administering disputes in Russia, and resolving corporate disputes, are governed by the Federal Law on Arbitration in Russia (“Domestic Arbitration Law.”)[2] A.2 Institutions, rules and infrastructure As of February 2022, there are the following licensed[3] Russian arbitral institutions:[4] the ICAC[5]…

RUSSIA Irina Varyushina LEGISLATION AND RULES A.1       Legislation International arbitration in Russia continues to be governed by the Law on International Commercial Arbitration.[1] Certain issues in relation to international commercial arbitration such as requirements on arbitral institutions administering disputes in Russia and resolving corporate disputes, are governed by the Law on Arbitration in Russia (“Domestic Arbitration Law”).[2] June 2020 saw the amendments into the Code of Arbitrazh Procedure (CAP) that provide for the exclusive jurisdiction…

On 19 June 2020, a new Russian Law (Federal Law No. 171-FZ dated 8 June 2020, known as the “Lugovoy Law,” named after its author) entered into force, introducing a number of changes into the Russian Arbitrazh Procedural Code. Most important, Russian state commercial courts (also called “arbitrazh” courts) will now have exclusive jurisdiction over disputes directly or indirectly involving those sanctioned entities that fall within the scope of Russian legislation (“Disputes”). Disputes also include…