Russian Supreme Court tries to adjust the approach to recovery from foreign companies and their local subsidiaries
On 13 May 2025, the Supreme Court of the Russian Federation (the SC RF) published a Ruling in Case No. A40-167352/2023 (the Citi Case) motivating the cancellation of judgments of the lower courts that had previously admitted bringing Russian subsidiaries (Subsidiaries) to tort liability for their failure to fulfil contractual obligations of foreign parent companies (Foreign […]