ICC, LCIA and SCC on EU sanctions

The issue of EU sanctions and their possible impact on arbitration administered by EU-based institutions and involving Russian parties has generated debate. A joint article by the ICC, LCIA and SCC seeks to address some of the most commonly asked questions.

Since March 2014, the EU has imposed restrictive steps and economic sanctions directed against a number of Russian individuals and organizations.

Following this, a debate on the sanctions’ potential effect on the work of EU-based arbitral institutions has emerged in Russia and elsewhere. Questions have been raised about the intended scope of the sanctions, and the current debate has also included politicized arguments, which at times has led to misconceptions and uncertainties.

This joint articleby ICC, LCIA and SCC aims to address some of the most commonly asked questions about the sanctions, for example:

The article was first published in the Russian legal journal Legal Insight (№ 5 (41) 2015), and is re-published here with the kind permission of the Legal Insight.

Read the article here (English)

Read the article here (Russian)

SCC have previously addressed the topic of sanctions:

SCC comments on the EU Sanctions

Q&A on the EU sanctions against Russia

General information for parties covered by the EU sanctions