High Court grants anti-suit and anti-anti-suit injunctions to restrain Russian proceedings brought by sanctioned parties

The High Court has granted an anti-suit injunction (ASI) to restrain sanctioned counterparties from bringing Russian court proceedings, in breach of a London seated LCIA arbitration clause, in order to benefit from the Russian law which allows the Russian courts to take exclusive jurisdiction over cases involving sanctions. It also granted an anti-anti-suit injunction (AASI) to restrain the sanctioned entities from seeking countermeasures before the Russian court: Renaissance Securities (Cyprus) Ltd v Chlodwig Enterprises Ltd & Others [2023] EWHC 2816 (Comm).

This decision illustrates the importance of ASIs and AASIs in seeking to hold counterparties to a contractually agreed dispute resolution forum - which has become particularly significant in cases involving Russian sanctioned parties in light of the Russian law referred to above.

For more information, see this post on our Arbitration Notes blog.