Earlier this week the Supreme Court announced its decision in Unicredit Bank GmbH v RusChemAlliance LLC, with the full judgment to follow. It dismissed the appeal and maintained a final anti-suit injunction in respect of proceedings brought in Russia in breach of a Paris-seated arbitration agreement.
This decision confirms that the English court may grant an anti-suit injunction where an arbitration agreement is governed by English law, despite the parties choosing a foreign seat (which is in line with the previous lower court decisions considered here). While not in a position to hand down its judgment in full, the Supreme Court gave its decision in order to provide clarity prior to the upcoming Russian court hearing on 6 May 2024, the Russian court having adjourned to allow the Supreme Court to render its decision on the appeal.
For more information, see this post on our Arbitration Notes blog.
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