๐ Russian counter-sanctions measures are not a barrier to enforcing an arbitral award in Russia.
In Hiperion, a Sweden-based company obtained an arbitral award against a Russian-based company from a Russian arbitral institution. The arbitral creditor then sought the enforcement of the arbitral award. The arbitral debtor objected, pointing out that the enforcement would be in breach of Russian counter-sanctions measures.
The case was considered by courts several times. But in the end, the Supreme Court, by its order dated 12 December 2024, dismissed a cassation appeal brought by the arbitral creditor. The Supreme Court indicated that Russian counter-sanctions measures are not a barrier to granting enforcement of an arbitral award (Case No ะ07-32862/2022).
ProArbitration.Ruโ
Post #30
146
- ๐ 1