In a unanimous decision on June 5, 2025, the Supreme Court of the United States overturned a Ninth Circuit decision declining to enforce a US$ 1.3 billion arbitral award issued to Devas Multimedia Private Ltd. ("Devas"), an...more
AT A GLANCE -
It is important for foreign investors with assets and operations in Russia to know the options available to them and how different options may impact their investment protection and chances of bringing...more
2/26/2025
/ Anti-Suit Injunctions ,
Arbitration ,
Dispute Resolution ,
Economic Sanctions ,
Enforcement Actions ,
Foreign Investment ,
International Arbitration ,
Jurisdiction ,
Kazakhstan ,
Litigation Strategies ,
Netherlands ,
Russia ,
UK
In October 2024 an attempt by Egyptian businessman Michel Lakah to set aside a 2018 ICDR award was rejected by the United States District Court for the Southern District of New York (“SDNY”), marking what the Respondent...more
PART 4: JURISDICTIONAL BATTLEGROUND IN DISPUTES WITH SANCTIONED RUSSIAN PERSONS -
In a wave of recent decisions, including in proceedings involving a number of Western banks, the Russian courts have disapplied the...more