BGP Litigation partner Alexander Vaneev speaks with Kommersant FM about the reasons for England's popularity among Russians as a jurisdiction for dispute resolution
29.11.2016

"Alexander Vaneev, partner at BGP Litigation, explained that the choice of forum is often dictated by major banks and a company's counterparties. London also tends to be preferred by entities with offshore structures.

"The largest international financial institutions and organizations have always insisted on England as the choice of jurisdiction for dispute resolution. This is because after arbitration is completed the parties can still challenge the arbitral award. To avoid surprises, companies rely on the many years of experience of the English courts. This way, financial institutions safeguard themselves, he says. And there is a second reason: very often holdings and corporate shareholders are registered in jurisdictions that traditionally are closely aligned with English law. The British Virgin Islands, for example"".

The full article (in Russian) is available here: "Лондон рассудит".

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