The State Should Not Be Considered as an Affiliate of Economic Entities
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Key takeaways:
- According to the Presidium of the Higher Arbitrazh Court of the Russian Federation, the state and other public entities may not be considered as affiliates of other persons.
- Rulings of the Presidium of the Higher Arbitrazh Court of the Russian Federation are binding on all arbitration courts of the Russian Federation.
- Previous arbitration court decisions issued upon similar facts but on different interpretation of law may be reconsidered on the “revision due to newly exposed facts” procedure.