Global Arbitration Review has unveiled its annual ranking of the world’s leading international arbitration practices.

The past few years have illustrated with a vast intensity the relevance of international sanctions for an ever expanding number of businesses and sectors. This backdrop has also led to a significant increase in sanctions related disputes, which in turn has led to discussions regarding enforcement of arbitral awards that contravene applicable sanctions.

In arbitration, you have to prove your case even if the opponent does not show up. The no-show creates some pitfalls to avoid.

The massive and unprecedented sanctions imposed against Russia have required significant efforts to manage the risks and impact of sanctions, particularly in view of creative attempts to circumvent by some parties. In this article we explain why you should update your sanctions clause, and how to ensure that it is fit for purpose.

Russia has announced and implemented several countermeasures against so-called "unfriendly states". Some of these countermeasures involve intellectual property rights (IPR), meaning that entities of so-called "unfriendly states" now face countermeasures limiting the protection of their IPR in Russia. Entities of such states that do not anticipate continuing to do business in Russia can expect to see their intellectual property utilised in Russia without compensation.

In the last week, Russia has announced and implemented several countermeasures against so-called "unfriendly states", i.e. states that recently have imposed sanctions against Russia in response to Russia's military aggression against Ukraine.

Arbitration often involves resolving complex and technical matters which call for specific knowledge or experience, including determining the value or quantum of a claim. Expert witnesses are often instructed by parties to do this through written statements and oral testimony before the arbitral tribunal. Generally, in most high value, large and/or complex arbitrations, the parties will benefit from having a party-appointed expert to assess quantum, or to rebut an opposing party’s assessment of quantum. In some instances, relying on experts will simply be a prerequisite to convince the tribunal. In this article, we discuss key considerations when appointing such an expert.

International Trade

Sanctions and Trade Compliance

Oil and Gas

Contract Law and Construction

Dispute Resolution

Partner

Aadne is an expert on international arbitration. He specialises on disputes arising from international agreements for transportation, sale and purchase of natural gas and other commodities. Aadne has advised and represented commercial and state actors within the petroleum and process industries in contract negotiations and disputes for 20 years. The disputes have stemmed from inter alia price reviews, joint ventures, sanctions and mergers and acquisitions. He has experience from institutional, ad-hoc and investment arbitration. Aadne reads and speaks Russian and has particular experience with disputes relating to the former Soviet Union, not least as lead counsel in Ukrainian Naftogaz's multi-billion dollar disputes with Gazprom.

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Aadne is an expert on international agreements for transportation, sale and purchase of natural gas and other commodities, and specialises on dispute resolution.