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ARTICLE · 12 JUNE 2024

UK Weekly Sanctions Update - Week Of June 3, 2024

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In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below...

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In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below, please do not hesitate to contact a member of our London Global and Government Trade team listed above.

1. RUSSIA SANCTIONS

  • UK court rejects argument that sanctions prevent access to justice in anti-suit injunction case: In Airbus Canada Limited Partnership and JSC Ilyushin Finance Co. ("Ilyushin"), the UK High Court granted a mandatory order and anti-enforcement injunction requiring Ilyushin to discontinue and not enforce Russian proceedings against Airbus Canada because the proceedings breached an agreement to submit disputes to LCIA arbitration. The High Court rejected Ilyushin's submission that the arbitration agreement should be ignored because the effect of sanctions means that it could nor access justice in LCIA arbitration on the basis that the UK licensing regime enables sanctioned

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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