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.
In April this year, the Commercial Court of Moscow issued an anti-arbitration injunction against Airbus, who objected to Russian state-owned defense conglomerate Rostec-run Avia Capital Services’ claim for the recovery of $5.1 million as unjustified enrichment should be submitted to arbitration before the ICC according to an agreed arbitration clause.
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