Ekaterina Sechkareva

In 2020, significant changes were made to currency regulation and currency control, as well as to liability for violations of the established procedure in this area.

International commercial arbitration is an arbitration court, appealing whereto is one of the alternative methods to resolve cross-border disputes. Currently, ICA is a widely applied instrument.

In 2019, major changes for the recent years — the so-called procedural revolution — took place. On October 1, three key laws that reform the system of general jurisdiction courts and change the rules of court procedure came into force.

Under the current circumstances, proper execution of transactions between foreign counterparties has become significantly harder.