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ARTICLE · 18 MARCH 2024

Investment Protection And Arbitration | Part 1

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In its recent business advisory, dated 23 February 2024, the United States Government warns businesses and individuals of serious legal, financial, and reputational risks entailed in maintaining operations in Russia.

RussiaGovernment, Public Sector

Part 1: US warns of serious risks of continuing business in Russia: key options for foreign investors

In its recent business advisory, dated 23 February 2024, the United States ("US") Government warns businesses and individuals of serious legal, financial, and reputational risks entailed in maintaining operations in Russia (the "Advisory").1 It highlights that by staying in Russia, foreign investors may face penalties - including economic sanctions, export controls and import restrictions - imposed by the US and its allies and partners, and risk becoming involved in Russia's military actions against Ukraine and violations of international law.

In light of this Advisory, it is important for foreign investors with assets and operations in Russia to know the options available to them and how different options may impact their investment protection and chances of bringing credible arbitration claims. This theme is the focus of Part 1 of this new Series

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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