UK Permits Payments to London Court of International Arbitration by Sanctioned Russian Parties
The U.K. implemented a General License Oct. 17 permitting individuals and entities designated under the Belarus and Russia sanctions regimes and companies owned or controlled by these sanctioned parties to pay funds to the London Court of International Arbitration to…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
cover arbitration costs. The license also permits the LCIA to use funds deposited by sanctioned parties, companies owned or controlled by sanctioned parties or their legal representatives before their listing. The license "is of indefinite duration."