News - Agorax - Boutique law firm in Sanctions, Trade & Litigation

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EU sanctions and claims for damages: can a Russian party claim damages in the event of non-delivery?

A Russian or sanctioned party may seek damages, specific performance or a refund if a European company fails to deliver due to EU sanctions. Article 11 of EU Regulation 833/2014 may offer protection in such a situation. This ‘no-claims’ provision is intended to prevent a party from seeking, through the courts, to derive benefit from […]

Directors’ liability in the event of refusal to pay: when is a director personally liable?

A director may be personally liable if he causes, or permits, a company to fail to pay a debt, whilst he should have seriously considered the likelihood that that debt would have to be settled in the near future. This applies not only to clear-cut ‘walk-away’ schemes, but also, for example, where a director allows […]