Ekaterina Sechkareva

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

On July 31, Federal Law No. 259-ФЗ “On Digital Financial Assets, Digital Currency and Amendments to Certain Legislative Acts of the Russian Federation” was published. The Law will allow to convert traditional financial instruments into a digital form and increase the number of ways to attract investments.

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.