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ARTICLE · 18 FEBRUARY 2025

UniCredit v RCA: Anti-suit Injunctions 360

Enyo Law LLP
Enyo Law LLP
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On 11 February 2025, in a further, and perhaps final, twist to the ongoing legal battle between UniCredit Bank GmbH ("UniCredit") and RusChemAlliance LLC ("RCA")...

United KingdomLitigation, Mediation & Arbitration
Jonas Habert
Jonas Habert
Liam Baum
Liam Baum
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On 11 February 2025, in a further, and perhaps final, twist to the ongoing legal battle between UniCredit Bank GmbH ("UniCredit") and RusChemAlliance LLC ("RCA"), the Court of Appeal discharged its previous final anti-suit injunction against RCA, on application from UniCredit (Court of Appeal judgment). This development is a reminder of the complex interplay between different jurisdictions in the current geopolitical environment and the primacy of the location of assets as one the key factors in pursuing cross-border litigation in such an environment.

Background

The background to these proceedings, as well as developments up to the end of last year, were discussed in our previous article (Supreme Court Confirms Anti-Suit Injunction in favour of foreign-seated arbitration proceedings: UniCredit Bank GmbH v RusChemAlliance LLC).

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