Yuri Makhonin, Partner at Dispute Resolution Practice, Rybalkin, Gortsunyan, Dyakin and Partners (RGD), spoke at a webinar titled “Disputes involving sanctioned parties: Russian courts or international arbitration,” at which he discussed the latest issues with regards to resolving international commercial disputes. The webinar took place on October 19 and attracted more than 80 listeners. The event was organized by Technologies of Trust.
At the webinar, Yuri spoke about the main advantages of international arbitration and examined the obstacles posed to it by Article 248.1 and 248.2 of the Arbitration Procedure Code of the Russian Federation. Using examples from the practice of the courts of England and Wales and the High Court of Hong Kong, Yuri showed how anti-suit injunctions influence proceedings in international arbitration.
Also, the speaker dwelled on the effect of sanctions, explaining how they have affected the arbitration procedure and how various international arbitration centers handle sanctions disputes. Based on these observations, Yuri identified several dispute resolution trends in arbitration involving Russian parties.
In conclusion, he shared tips and recommendations on what measures should be taken when entering into a contract and formulating an arbitration clause, as well as at the beginning of arbitration proceedings.
Rybalkin, Gortsunyan, Dyakin and Partners (RGD), a leading law firm established in 2018, which combines a premier dispute resolution practice and a high-end corporate practice dedicated to complex projects and transactions.
From our offices in Moscow, Yerevan, Tashkent, Belgrade, Dubai, and Ras Al Khaimah we support clients from all over the world in their business dealings in our key practice areas involving Russia and CIS countries. In addition, our firm offers unparalleled expertise in foreign legal matters to Russian companies with significant international presence.
We are a cohesive team of seasoned professionals with a background in leading international law firms.
Our lawyers have worked on the largest corporate deals, investigations and disputes in the history of modern Russia and represented Russian companies in over 170 jurisdictions worldwide.
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