The session addressed the impact of sanctions policy on guarantees of the inviolability of property. The central theme of the discussion was the understanding and creation of new guarantees for the protection of property against the abuse of national and cross-border legal instruments.
“Today hostile states violate the norms of international law on state immunities, as well as the rights of Russian individuals. Taking this into account, our country has the right to a proportional response. In this regard, the decree of the President of Russia. “The decision of the Russian Federation, which has outlined the legal contours of the seizure of American assets and related assets in Russia with persons accompanying them, is a timely and proportionate response,” emphasized Andrei Kovalenko, director of the department of economic legislation and civil of the Ministry of Russia. Justice.
He noted that within the framework of the mechanism established by the decree, the court is expected to consider an application to establish the fact of illegal deprivation of the right to property and compensation for damage. It is advisable to refer this category of disputes to the jurisdiction of arbitration courts.
“The current rules of the Arbitration Procedure Code of the Russian Federation do not regulate such cases. In this regard, it is necessary to make relevant changes to the procedural legislation,” Kovalenko said.
