UK Court of Appeal overturns High Court judgment in Celestial Aviation v UniCredit – UK sanctions did prohibit payment under letters of credit

13 June 2024

UK Court of Appeal overturns High Court judgment in Celestial Aviation v UniCredit – UK sanctions did prohibit payment under letters of creditWilliam-Barton_Shutterstock

The UK Court of Appeal has given judgment in Celestial Aviation Services Ltd v UniCredit Bank holding that UK Russia sanctions prohibited the payment under letters of credit in connection with leases of aircraft...

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor...

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