Ukraine Fallout: Russian Law May Weaken International Arbitration Framework

As it was preparing for war, Russia undermined an international pact that has managed global arbitration cases since the height of the Cold War.

With an eye toward the future, U.S. and European Union officials took care this year when imposing sanctions on Russia to leave open an avenue to resolve corporate disputes. Russia, however, is showing no interest in troubleshooting trade conflicts. Instead, the Kremlin has built a barrier that undermines an international pact that has managed global arbitration cases since the height of the Cold War.

The Russian Duma adopted legislation in 2020 amid little fanfare to protect Russian companies subject to international arbitration proceedings. The law, On Introducing Changes to the Arbitration Procedure Code of the Russian Federation (Law No: 171-FZ), creates a potentially damaging precedent for corporate conflict resolution. The threat to international corporate dealmaking has come into sharper focus as the war in Ukraine drags on…

Read the complete story here.

Featured Arbitrators

View all

Read these next


Unanimous SCOTUS Decides Sundance: No Prejudice Requirement to Prove Waiver of Arbitration Rights

The Supreme Court has decided Morgan v. Sundance Inc., No. 21-328, ruling unanimously that there is no prejudice requirement under the Federal Arbitration Act (“FAA”) for a court to find a waiver of...

By George Friedman

The 2020 SIAC Annual Report: Trends & Questions

This article first appeared on Thomson Reuters Practical Law Arbitration Blog, here. One day short of April Fool’s Day this year saw the Singapore International Arbitration Centre (SIAC) release its 2020 Annual Report (SIAC...

By Hanna Azkiya

The Arbitration Conversation No.81: Erin Archerd, Assoc Prof of Law, Univ of Detroit Mercy School of Law

In this episode of the Arbitration Conversation, Amy interviews Erin Archerd, Associate Professor of Law at the University of Detroit Mercy School of Law. Erin joined the Detroit Mercy Law...

By Erin Archerd, Amy Schmitz

Find an Arbitrator