Alert: cross-border asset recovery: coordinating Russia and European proceedings — new compliance obligation Effective: January 2027
Regulatory measures now in force in Russia impose a new notification and coordination requirement on creditors running parallel enforcement and asset-tracing proceedings in Russia and one or more European jurisdictions. Creditors who fail to document the coordinated structure of their recovery strategy risk procedural objections from Russian courts, which have begun scrutinising whether cross-border enforcement activity is consistent with the obligations applicable to foreign participants in Russian proceedings.
Foreign creditors with distressed assets in Russia — and concurrent enforcement in EU member state or EAEU jurisdictions — are directly affected. Where a creditor is simultaneously pursuing recognition of a foreign judgment or arbitral award in Russia while maintaining attachment or freezing orders abroad, the new compliance step requires formal disclosure of the parallel proceedings at the outset of the Russian enforcement application. Courts in the Siberian and other federal circuits have already indicated that undisclosed parallel proceedings may be treated as a procedural irregularity, affecting the admissibility of the primary enforcement claim. Creditors who have already filed Russian enforcement applications without making this disclosure should take advice on their position without delay.
The immediate steps are these. First, review any active or pending Russian enforcement file to identify whether parallel European proceedings — including asset freezes, judgment enforcement, or insolvency-related attachments — are running concurrently. Second, prepare a compliant disclosure document that accurately describes the parallel proceedings and the recovery strategy. Third, confirm with Russian counsel whether a supplemental procedural filing is required in ongoing matters, or whether the disclosure obligation can be met at the next scheduled hearing.
Speak to our team — for an initial conversation about your enforcement position, contact info@vetrovpartners.com | WhatsApp / Telegram: +7 (983) 510-38-76
For background on the broader asset-tracing and recovery framework, see the firm's practice overview at Asset Tracing & Recovery.
This alert is for informational purposes only and does not constitute legal advice. Vetrov & Partners is a Russian-qualified law firm. Contact info@vetrovpartners.com for advice on your specific situation.
— Elizaveta Razina Senior Lawyer, Practice Lead — IP Enforcement, Vetrov & Partners vetrovpartners.com/razina/