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UK Sanctions Do Not Prevent Access To Justice In the case of PJSC National Bank Trust and another v Mints and others [2023] EWHC 118 (Comm), the High Court held that UK sanctions in force against Russian banks did not prevent the banks from: Lawfully satisfying adverse cost orders, Providing security for costs, or Paying any […]
In the Topalsson v Rolls Royce Motor Cars case, the termination of the agreement between Topalsson and Rolls Royce Motor Cars was effectively executed through a second termination notice. The case highlights the precarious nature of entering into a general project development agreement, without identifying, in certain terms, agreed deliverables and delivery deadlines. Understanding the […]
Having your business premises or home raided by a legal authority or regulatory body is intimidating and scary. It is difficult (but not impossible) to prepare for a dawn raid as ‘surprise’ is the entire point of the exercise. But there are several things you can do if you suspect a dawn raid may be […]
Background: Recognition of Foreign Judgments in England & Wales Enforcement of UAE Court Judgments in the UK In Lenkor Energy trading v Irfan Iqbal Puri [2020] EWHC 75 (QB), the High Court held that in accordance with the law on recognition of foreign judgments, a decision of a Dubai court of competent jurisdiction is enforceable […]
On 20 June 2023, the Russia (Sanctions) (EU Exit) (Amendment) (No 2) Regulations 2023 (the Regulations) came into force. Established under the Sanctions and Anti-Money Laundering Act 2018 (SAMLA), the Regulations amended the Russia (Sanctions) (EU Exit) Regulations 2019 (Russia Regulations) to establish a clearer legislative basis to enable certain assets to remain frozen/immobilised until Russia […]
Background to the decision The Claimants were former shareholders in a company called Motoriety (UK) Ltd (Motoriety) which provided software solutions for the motoring industry. In 2015, Motoriety sought investment from Automobile Association Developments Limited ( better known as the AA). It also looked to enter an arrangement to offer AA’s customer base of four […]
One of the benefits of using Arbitration to resolve international disputes is that Arbitration awards can be enforced in domestic courts. This is achieved through the Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958, known as the New York Convention (NYC), the Geneva Convention on the Execution of Foreign Arbitral Awards 1927, and […]
Cryptocurrency assets may be in trouble in terms of increasing fraudulent activity and volatile market values but experts are firm – digital assets are not a fad and the market is continuing to grow. It is approaching a total capitalisation of $1 trillion and the number of people trading in cryptocurrencies is increasing year on […]
Does The Financial Services and Markets Bill have the Crypto Factor? Regulation or innovation? One question on everyone’s lips is whether these terms are mutually exclusive in the world of cryptocurrency. At present, there is a backdrop of considerable uncertainty: war impacting the distribution of key commodities such as grain; UK recession; UK currency falling […]
