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Commercial Court of the Yamalo-Nenets Autonomous District accepts sanctions restrictions as grounds for freezing injunction in support of future arbitration claim

In Case No A81-7665/2023, the Commercial Court of the Yamalo-Nenets Autonomous District arrested the assets of a US oilfield services company's local subsidiary in support of a future ICC arbitration. The arrest was required due to sanctions restrictions and, as a consequence, the subsidiary's withdrawal from the Russian market.

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End of Document
Resource ID w-040-5630
© 2024 Thomson Reuters. All rights reserved.
Published on 29-Aug-2023
Resource Type Legal update: case report
Jurisdiction
  • Russian Federation
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