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St. Petersburg Arbitrazh Court Imposes EUR 100m fine under Lugovoy Law against ING and SocGen
The Saint Petersburg Arbitrazh Court applied Articles 248.1 and 248.2 APC and imposed a EUR 100m fine under Lugovoy Law to bar Societe Generale and ING from foreign proceedings and foreign enforcement concerning independent guarantees.
Russian cassation court upholds EUR 1.5 million penalty for breaching anti-arbitration injunction in Siemens v RZD dispute
Introduction In a decision dated 6 October 2026, the Arbitrazh Court of the Moscow District (Russia) in case number А40-98870/2022 (АС Московского округа – Решения и постановления vom 06.10.2026 – А40-98870/2022) in the Siemens v RZD case rendered a judgment on a monetary sanction for non-compliance with a Russian court order prohibiting the initiation of […]
