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06 Mar 2024

Commodities in Focus Weekly - Issue 68

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Latest Court of Appeal judgment on English Courts' jurisdiction to grant anti-suit injunctions in support of foreign arbitrations - UniCredit Bank GmbH v RusChemAlliance LLC [2024] EWCA Civ 64

In a judgment handed down last month in the Unicredit Bank GmbH v RusChemAlliance LLC [2024] EWCA Civ 64 case, the most recent one arising from proceedings involving RusChemAlliance LLC ("RCA"), the Court of Appeal held that it had jurisdiction to grant an anti-suit injunction ("ASI") to restrain foreign proceedings commenced in contravention of an arbitration clause which provided for ICC arbitration in Paris, as it found that the underlying arbitration clause was governed by English law and the English Courts were the proper place where to bring the claim.

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