Recent actions: Russia-related sanctions
On October 30, 2024, the United States (“US”) Department of Treasury’s Office of Foreign Asset Control (“OFAC”) sanctioned 19 Indian companies and 2 Indian individuals under its Russia-related sanctions program under the Executive Order (“EO”) 14024. This action was in the nature of imposition of secondary sanctions on third-country actors to…
Back in 2022 the NLRB announced that it will routinely award additional remedies for employees who are unlawfully terminated. This required employer to compensate employees for any direct or foreseeable pecuniary harms incurred as a result of the unlawful adverse actions against them, including reasonable search-for-work and interim employment expenses, if any, regardless of whether…
Introduction
We cannot close the year 2024 before we have given our two cents on the arbitration statistics for the year 2023! Once again, we have summarized and analysed for you last year’s international arbitration statistics.[1]
In 2020, we have seen impressive figures. In 2021 and 2022, we have seen the numbers of new…
Background
A scheme of arrangement is an oft used mechanism for company restructuring, which may take the form of a ‘merger’, a ‘demerger’ or even a ‘compromise’ with creditors. Sections 391-394 of the Companies Act, 1956 (“1956 Act”), read with the Companies (Court) Rules, 1959, were the relevant statutory framework governing this. …
NYU School of Law’s Center for Transnational Litigation, Arbitration, and Commercial Law is glad to announce that its Executive Director, Professor Franco Ferrari, submitted an amicus curiae, co-authored with Professor Andrea Bjorklund from McGill University, in the matters CC/Devas Ltd. et al. v. Antrix Corp. Ltd. et al., case number 23-1201, and Devas Multimedia Pvt.…
International disputes increasingly focus on environmental issues, particularly in arbitration, either as a result of regulations deemed too restrictive by foreign investors, or as a result of environmental degradation caused by economic players. This article looks at these trends with a view to anticipating their occurrence in practice.
Environmental protection as a source of litigation…
Recently, the Delhi High Court (“DHC”) has reiterated that Section 34 of the Arbitration and Conciliation Act, 1996 (“Act”), empowers courts to partially set aside an arbitral award and it would not amount to a modification, as an arbitral award consists of distinct components independent of each other.…
Introduction
It is a well-established principle in Hong Kong that foreign proceedings instituted in breach of an arbitration agreement will ordinarily be restrained by the grant of an injunction, unless there are strong reasons shown to the contrary. What constitutes strong reasons depends on all the facts and circumstances of the particular case.
In Bank…
Background
In the previous blog published on November 19, 2024, we had discussed the United States (“US”) Office of foreign Asset Control (“OFAC”) sanctioning nearly 400 entities and individuals for their contribution to Russia’s efforts against Ukraine and the implications of this action on Indian businesses. The US has since imposed sanctions on several entities…
Russia’s annexation of Crimea, the occupation of the Donbas region, the full-scale invasion of Ukraine and the subsequent sanctions imposed by the EU and other states against Russia have led to growing tensions between the EU and Russia and to a battle over jurisdiction and enforcement with no end in sight.
1. Starting Point: The…
