Update: On May 27, 2025, a cassation court overturned the lower court’s decision and remanded the case for reconsideration. The court emphasized that, during the new proceedings, Russian counter-sanctions measures must be taken into account (Case No. А56-28968/2024). #Latvia
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ProArbitration.Ru 🇷🇺 A Russian court has ruled that Russian counter-sanctions do not exempt a party from fulfilling its contractual obligations nor prevent the recognition and enforcement of foreign arbitral awards within Russia. An arbitral creditor (a foreign company) sought…