Organisation: Commerzbank
UK appeal court reverses injunction against Gazprom venture
The Court of Appeal in London has granted UniCredit’s request to lift an anti-suit injunction it won against a Gazprom joint venture after the bank said it wanted to avoid an “eye-watering” fine from the Russian courts.
11 February 2025
European banks seek to reverse injunctions against Gazprom venture
Italy’s UniCredit has asked a UK court to lift an anti-suit injunction it won against a Gazprom joint venture because it faces “potentially draconian financial consequences” in parallel proceedings in Russia – and says two other European banks have made similar applications.
06 February 2025
Russian court restrains German bank’s ICC claim
A Russian court has ordered Germany’s Commerzbank to withdraw a €95 million ICC case against a Gazprom affiliate over a guarantee for a gas plant project and seek to overturn an English anti-suit injunction issued in support of the arbitration.
11 December 2024
Russian court injuncts Deutsche Bank’s ICC claim against Gazprom venture
A Russian court has ordered Deutsche Bank to discontinue an ICC claim against a Gazprom venture over stalled work on a gas processing plant, despite the UK Supreme Court ruling that the dispute belonged in arbitration.
22 October 2024
Russian court grants billion-dollar asset freeze against German contractor
A Russian court has allowed a Gazprom affiliate to freeze US$1.15 billion in assets owned by Germany’s Linde in a dispute over a stalled gas processing project – months after ordering the engineering group to discontinue a parallel HKIAC arbitration.
15 August 2024
Russian court seizes assets of European banks
A Russian court has allowed a Gazprom joint venture to seize over €700 million in assets held by UniCredit, Deutsche Bank and Commerzbank – defying UK court rulings that the litigation should be heard in ICC arbitration.
20 May 2024
UK Supreme Court upholds injunction against Gazprom venture
The UK Supreme Court has dismissed a Gazprom joint venture’s challenge to an English anti-suit injunction that was granted to support a Paris-seated ICC arbitration agreement.
23 April 2024
Russian court restrains HKIAC claim against Gazprom venture
A Russian court has restrained an HKIAC arbitration against a Gazprom affiliate while refusing to impose a €1.8 billion penalty on the German claimant – as another Gazprom subsidiary asks it to block an arbitration brought by a Dutch gas pipeline operator.
19 April 2024
UK Supreme Court hears Gazprom venture’s appeal over anti-suit relief
The UK Supreme Court has heard a Gazprom joint venture’s challenge to an English anti-suit injunction that was granted to support a Paris-seated ICC arbitration agreement.
19 April 2024
UK appeal court grants final anti-suit relief against Gazprom venture
DECISION NOW PUBLISHED: The Court of Appeal of England and Wales has issued a final anti-suit injunction to enforce a Paris-seated ICC arbitration agreement – restraining a Gazprom subsidiary from pursuing a €448 million lawsuit against a German bank in the Russian courts.
30 January 2024