Peter & Kim | Nordic Arbitration Day

Sanctions have significantly affected arbitral proceedings. As a part of Nordic Arbitration Day last week, Partner, Haakon Orgland Bingen moderated a panel, together with Caroline Gulliksson Dock, Lisa Berger, Joel Kujala and Fredrik Lindmark, exploring the topic of 𝘚𝘢𝘯𝘤𝘵𝘪𝘰𝘯𝘴 𝘪𝘯 𝘈𝘳𝘣𝘪𝘵𝘳𝘢𝘵𝘪𝘰𝘯: 𝘗𝘳𝘢𝘤𝘵𝘪𝘤𝘢𝘭 𝘓𝘦𝘴𝘴𝘰𝘯𝘴, 𝘊𝘰𝘮𝘮𝘰𝘯 𝘗𝘪𝘵𝘧𝘢𝘭𝘭𝘴, 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘌𝘭𝘶𝘴𝘪𝘷𝘦 𝘓𝘢𝘸.

The discussion focused on:

• the recent opinions by the Advocate Generals Biondi and Szpunar on the arbitrability of disputes with a sanctions relation, and whether an award can be enforced if it is unclear if the award creditor is controlled by sanctioned rebels;
• the 20th sanctions package by the EU and the Russian Lugovoy Act; and
• a potential divergence between US and EU sanction regimes in a world where major geopolitical shifts can take place overnight.

In addition to the deep dive into recent legal developments, they also covered practical lessons and common pitfalls.

The panel discussions across the day were very well received and continued over dinner and drinks. We look forward to being a part of NAD2027!