Sanctions Update: Amendment to Russian Arbitration Procedure Code

Sanctions Update: Amendment to Russian Arbitration Procedure Code

On June 10, 2020, the Russian government passed amendments to the Russian Arbitration Procedure Code (“APC”), which took effect on June 19, 2020. These amendments are significant because they could impact dispute resolution with Russian persons and entities subject to foreign sanctions. More specifically, the recent APC amendments provide that disputes involving Russian entities and …

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