New law on exclusive jurisdiction of Russian state courts in sanctioned person disputes

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Significant amendments to the Arbitrazh (Commercial) Procedure Code of the Russian Federation ("APC amendments") made by Federal Law No 171-FZ take effect on 19 June 2020. The primary objective of the amendments is to overhaul the dispute resolution procedure in cases concerning sanctions against Russian individuals and entities by establishing the exclusive jurisdiction of Russian state courts to hear such disputes (the new art. 248), and implementing rules giving certain persons the ability to file a motion with Russian state courts for injunctive relief preventing the commencement or continuation of such proceedings ("Injunctive Relief", the new art. 248).

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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