Re: Dredging and Maritime Management SA
Russian Federation Supreme Court
No. 305-ЭС18-11934 (September 26, 2018)
- Written by Whitney Waldenberg, JD
Facts
On June 25, 2013, a Russian company (defendant) filed for insolvency and was placed under observation pursuant to Russian law. Creditors had until July 2015 to file claims in the bankruptcy proceeding. On September 15, 2014, the International Court of Arbitration issued a monetary award to a foreign company (plaintiff) and against the Russian company. On February 3, 2016, the foreign company brought suit to be included in the register of creditors in the bankruptcy proceeding. Thereafter, settlement was reached with most creditors, but the foreign company was not included in the register and was not paid. The foreign company subsequently sought enforcement of the 2014 arbitral award in a Russian court.
Rule of Law
Issue
Holding and Reasoning (Pronina, J.)
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