Viorel Dinu, partner at Bondoc si Asociatii and leader of the litigation practice, participated in a panel at Global Arbitration Review Live London
Viorel Dinu, partner at Bondoc si Asociatii and leader of the litigation practice, participated in a panel at Global Arbitration Review Live London, an arbitration community forum focused on discussing new and recurring matters in both commercial and investment international arbitration.
The specific issue addressed in this year’s debates “Arbitrations in the era of sanctions and increased hostile international relations” prompted debates on the impact of international sanctions applied to the Russian Federation, but also of sanctions imposed as retaliatory measures by the Russian Federation, on various arbitration proceedings involving actors in this area, but also on the ongoing judicial proceedings in the countries that apply these sanctions (or to which they are applied).
Thus, the legal effects of these sanctions are multifarious and detrimental, such as declaring certain contractual clauses inapplicable, including those of choice of forum or arbitration clauses, refusing to recognize foreign court judgments and arbitral awards, blocking the payment of dividends and limiting payments including court or arbitration costs, thus entailing the impossibility to ensure access to justice under the desired conditions and much more. Finally, situations where lawyers themselves became the target of government sanctions for the legal opinions expressed were recounted, a major cause for concern at global level about the freedom to practice the profession.
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