Credit: liubomir118809/Adobe Stock Russian Courts Blocking Overseas Arbitrations Could Hit Russian Arbitrations in HK
Russian companies have put Hong Kong arbitration clauses in their commercial contracts, particularly with Chinese companies, since before 2010, according to arbitration practitioners in the region.
August 15, 2023 at 04:47 AM
6 minute read
Russian companies have been broadening their use of Hong Kong arbitration services since 2014, owing to the city's sanctions-neutral policy and common law legal system. But Russian courts' increasing use of injunctions to block overseas arbitrations, including a recent case in Hong Kong, could affect Russian companies' arbitrations in the city, according to international arbitration lawyers.
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