UK court holds that sanctions did not frustrate LCIA arbitration agreement – Barclays Bank v VEB.RF

11 May 2024

UK court holds that sanctions did not frustrate LCIA arbitration agreement – Barclays Bank v VEB.RF

The High Court has granted an anti-suit injunction to Barclays Bank against proceedings brought by VEB in Russia because the Russian proceedings breached an agreement to submit disputes to LCIA arbitration (judgment). VEB said...

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions...

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