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Since the beginning of Russian full-scale invasion of Ukraine, Ukrainian authorities have imposed personal sanctions on about 5,000 individuals and 2,500 legal entities.

A new promotion round saw 62 lawyers become Partners at CMS – spanning 25 cities across the UK, Europe, the Middle East, Africa, and Latin America – including Arno Zimmermann, Hans Lederer, and Klaus Pateter in Vienna, Alicja Zalewska-Orabona in Warsaw, and Mihai Jiganie-Serban in Bucharest.

Since the parties cannot resort to state courts as long as there is an arbitration agreement (Article 5 of the ICC and Article 413 of the CCP), the parties may be deprived of the right to resort to state courts if the arbitration proceedings take longer than necessary. On the other hand, one of the most important advantages of arbitration is that arbitral proceedings can be completed in a shorter period of time than state courts. Taking these principles into consideration, the legislator has limited the arbitration proceedings to a time limit in the International Arbitration Law and the Code of Civil Procedure.

Sorainen has represented Belor in a dispute with Arvi Fertis administrator Aurimas Valaitis – the Marijampole fertilizer company being in bankruptcy – for compensation of damages amounting to almost EUR 1.2 million.

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