SCC in dispute resolution conference on Russian/CIS parties and sanctions
SCC Legal Counsel Natalia Petrik is invited to speak about the EU sanctions at the conference on “International Dispute Resolution involving Russian and CIS Parties” in London next year. Ms. Petrik will provide an institutional perspective on the topic, for example, how arbitration is affected by the sanctions, and how the SCC actively manages these arbitration processes.
It is C5’s 5th annual conference on the topic, which aims to deal with the practical issues related to cross-border disputes.
The SCC has on several previous occasions highlighted the importance of clarity about the sanctions and their potentilal practical impact on the arbitral proceedings. Earlier this year, the SCC addressed this matter in a Q&A for the sanctions, as well as in this joint article.
Ms. Petrik will speak in the opening session, in which the following issues will be discussed (a selection):
- What happens to arbitrators? How the EU and US sanctions are affecting arbitrations brought under existing contracts?
- What happens to institutions?
- What happens to counsel?
- How sanction-related disputes have been handled by European courts and arbitration tribunals
- Consideration of “Russian” disputes in Western arbitration institutions, including those registered in the EU: are there any real risks for the Russian counterparty?
- Neutrality of arbitral institutions in light of the sanctions
The two-day conference will be held on 28-29 January 2016 in London and will be followed by a interactive post-conference workshop on “Costs in international arbitration and litigation: Putting together a successful funding package”.