Economic Sanctions, Commercial Contracts and International Arbitration – Hamburg, April 14, 2016

Rechtsstandort HamburgEconomic sanctions are a hot topic, in particular, but by no means only in relation to Russia. Rechtsstandort Hamburg, an initiative promoting Hamburg as an international legal venue, is takling the issues that arise at the intersection of sanctions, contracts and arbitration at an event on April 14, 2016. My Hamburg partner Christoph Stumpf will be one of the speakers. Klick here for further information.

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Federal Supreme Court: Sedelmayer vs. Russia – No Set-off with Tax Claims

stock-photo-15986220-sign-quot-bundesgerichtshof-quotThis decision published by the Federal Supreme Court (Bundesgerichtshof) a couple of days ago on its website appears to be the latest instalment in the on-going saga of Franz Sedelmayer’s quest to enforce an investment treaty award  against Russia. Of course, the Federal Supreme Court sticks to Germany’s practise of anonymous court reporting. The facts reported in the decision are so unique, however, that it cannot be anything else but the Sedelmayer case.

Franz Sedelmayer was awared damages under the German-Russian Investment treaty in an arbitration seated in Stockholm in 1998, and has spent more than 15 years enforceing it. The details have been reported extensively, see for example, this piece in the New York Times. Continue reading

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New German Judgment on Recognition of Russian Judgments

My earlier posts on Russian matters (here, and here, for example) have attracted more comments, in particular in LinkedIn fora, than any other topics covered in this blog. So I guess that readers will be interested to learn that Michael Wietzorek has just published a case note, on the CIS Arbitration Blog, on a  recent decision by the Augsburg District Court (Landgericht) declaring a Russian judgment enforceable in Germany.

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Russia and England: Resolving Jurisdictional Disputes

My posts on Russia and the Russian arbitrazh courts were the ones that attracted the most comments, both here and in some LinkedIn groups. As discussed in the context the reciprocity requirement, there are few German cases on Russian judgments, and vice versa. From a jurisdictional perspective, and thanks mainly to litigious oligarchs attracted to the High Court in London, Russia and England are a much more fertile pair. In the Law Society Gazette, Raymond Cox QC and his co-authors review the case law that has evolved in England and Russia on jurisdictional issues in this bi-lateral relationship.

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