Court: Commercial Court (England and Wales)

The Court of Appeal in London has confirmed that the UK sanctions regime does not prevent courts from entering judgment in favour of sanctioned persons in civil litigation – meaning an US$850 million fraud suit brought by two Russian banks can proceed.

09 October 2023

The former majority shareholders of Yukos Oil Company have urged a UK court to reject Russia’s sovereign immunity defence to the enforcement of awards worth nearly US$60 billion, arguing the Dutch courts have already decided the underlying issue.

04 October 2023

The UK Supreme Court has held that bribery claims brought by Mozambique in a US$2 billion suit against an Abu Dhabi shipbuilder don’t fall within the scope of Swiss-law arbitration agreements – the first time it has ruled on the stay provisions in the Arbitration Act 1996.

20 September 2023

The Commercial Court in London has granted an injunction to restrain litigation in Russia – enforcing an ICC arbitration clause that provides for a Paris seat.

07 September 2023

The Commercial Court in London has refused to order the Czech Republic to pay security for the award or security for costs while it challenges a US$650 million investment treaty award over a blood plasma business – calling the investors’ costs estimate “absurdly high”.

24 July 2023

A Kosovan government-owned mobile operator has failed to overturn a €10 million ICC award that found it breached an obligation to negotiate a contract renewal in good faith.

21 July 2023

A Djibouti state-owned entity has failed to overturn a liability award issued by Maxi Scherer as sole arbitrator in an LCIA dispute with Emirati logistics group DP World over a port facility on the Red Sea.

26 May 2023

The Commercial Court in London has upheld an LCIA award issued by Lord Neuberger as sole arbitrator in a US$400 million royalties dispute between Indian and US pharmaceutical companies over a treatment for diarrhoea.

04 May 2023

A judge in London has refused to allow two law firms to summarily enforce conditional fee agreements against the estate of a deceased businessman they represented in an investment treaty arbitration – finding it was realistically arguable that the retainers didn’t comply with applicable legislation. 

24 April 2023