Mr Vsevolod Volkov

Vsevolod Volkov


Arbitration & ADR

Enforcement of arbitral awards by sanctioned entities: courts test public policy exception
Ukraine | 26 September 2019

Although the Ukrainian courts have released little jurisprudence with respect to the application of sanctions, this practice is gaining traction in response to Russian aggression in Crimea and the Donbas region. In a recent case, a sanctioned Russian entity sought recognition and enforcement of an arbitral award against a Ukrainian company, which the latter argued would contravene Ukrainian public policy.

Changes to approach favouring enforcement against assets indirectly owned by foreign states?
Ukraine | 13 June 2019

Following a recent Supreme Court decision, the outlook for recovery following the enforcement of the Everest Estate arbitral award against Russian assets in Ukraine does not look particularly optimistic. However, the chances of recovery may increase if the Ukraine Cabinet of Ministers exercises its powers under the International Private Law to allow enforcement against assets indirectly owned or controlled by Russia – and the grounds for exercising such power continue to mount.