Independence and Impartiality, Nationality, Public Policy, Recognition and enforcement of arbitral award, Russia, Sanctions
Russian Supreme Court’s Stance Shakes Up Enforcement of Foreign Arbitral Awards
On 26 July 2024, the Russian Supreme Court issued a landmark ruling (the “Ruling”) outlining a novel stance on the recognition and enforcement of foreign arbitral awards. This jurisprudential shift, which is decidedly not pro-arbitration, erects new barriers for persons domiciled in countries deemed “hostile” or “unfriendly” by Russia to obtain their consideration in the…