Russian Move for Keeping Judicial Business at Home
The Financial Times has reported yesterday about the willingness of Russian elite to repatriate Russian judicial business back home.
Russian oligarchs have notoriously been litigating essentially Russian cases in London in the last few years. The dispute between Roman Abramovich and Boris Beresovsky heard by the English High Court was the most famous of such cases.
In a recent judgment, one of Russia’s supreme court annuled a clause whereby foreign parties could avoid being sued in Russia. It is reported that the clause was a “unilateral option clause”. The court stated that it had nothing to do with protectionism, which was a separate issue. It probably is.
More interestingly, Russian higher judges have stated that they were willing to fight against unfair competition from other jurisdictions. They went as far as threatening to retaliate against parties participating to such proceedings abroad, and indeed against lawyers and judges aiding and abetting.