Supreme Court overturns order enforcing foreign arbitration award, declaring presumption that arbitrators from “unfriendly” states lack impartiality and objectivity
In Case No А45-19015/2023, the Russian Supreme Court set aside a lower court judgment recognising and enforcing a Federation of Oils, Seeds and Fats Associations (FOSFA) arbitral award. The court ruled that the Russian party to the FOSFA proceedings was prejudiced in its access to justice due to the overseas venue of the arbitration and […]