Exclusive for WorldECR: Marat Samarskiy on the Russian Supreme Court’s Review of Countermeasures
Marat Samarskiy, Head of the Sanctions Law Practice, has prepared an article for the international journal WorldECR, dedicated to the Supreme Court’s review and its significance for businesses.
Having analysed 22 positions of the Supreme Court, Marat emphasises that those affected by the measures now have a kind of “practical guide” that foreign entities can use to address these issues in a more targeted manner.
According to Marat, this “practical guide” means that the previously fragmented and, in many cases, contradictory approach of Russian courts is no longer the case and provides foreign business entities with greater clarity on issues such as:
Processing payments related to exit transactions
The need to obtain relevant authorisations
Procedural matters
This is particularly valuable for large international companies, which have traditionally tended to overestimate risks and adopt a highly cautious approach due to uncertainty and inconsistencies in legal practice.
The article is available in the attachment.
