Commercial Court of Saint Petersburg grants suite of injunctions against Hong Kong arbitration and proceedings but refuses penalties for non-compliance

In Case No А56-13299/2024, the Commercial Court of Saint Petersburg granted injunctive relief restraining the continuation of HKIAC arbitration and Hong Kong court proceedings. However, as all the relevant claims were non-monetary in nature, the St Petersburg court refused to impose financial penalties for potential non-compliance with the injunctions. Maxim Kulkov and Anastasia Khalyavina, KK&P […]
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