Russia sanctions litigation: recent trends and mitigating risks

In this webinar, Adam Brown, Basil Woodd-Walker (Simmons & Simmons), and Sergey Petrachkov (Alrud law firm) explored the recent trends in Russia sanctions litigation, including:

• a recap of this trend;
• how to design a strategy for litigation in Russia;
• how to seek an anti-suit injunction; and
• how to mitigate risks of enforcement of a foreign judgment

Disputes involving sanctioned Russian parties is now a widespread issue.

Since the outbreak of the conflict between Russia and Ukraine in February 2022, western sanctions authorities are estimated to have frozen c.$60 billion in private assets of sanctioned Russian persons.

In response, the Russian state enacted laws purporting to allow sanctioned Russian persons to seek recovery of those assets before the Russian Courts. This has spawned well over 100 claims against non-Russian institutions, contrary to jurisdiction agreements.

This places the affected non-Russian institutions in a complex scenario. Sanctions compliance, risk mitigation and litigation strategy all need to be considered. Our expert panel will help you to navigate these issues