New Russian Law Gives Country's Courts 'Exclusive' Oversight of Certain Sanctions-Related Disputes
A new Russian law giving that country's courts “exclusive” jurisdiction over disputes involving sanctioned entities could affect “a lot” of business deals, a June 12 Baker McKenzie post said. The law, effective June 19, will give Russian commercial courts jurisdiction…
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over disputes “directly or indirectly” involving sanctioned entities that “fall within the scope of Russian legislation,” the post said, including if one of the parties “cannot get access to justice [outside of Russia] because of sanctions.” Baker McKenzie advises companies to review their dispute resolution mechanism in contracts with Russian parties and to double-check the ownership structure of Russia-related business partners.