On 1 February, Legal Futures reported that the hearing involved applications to stay a $850 million fraud claim brought by 2 Russian banks and for a release from undertakings. It is also said that the “complex and hard fought” litigation was “progressing towards trial” at the time of the invasion of Ukraine in February 2022, when defendants applied for a stay in the proceedings and release from the undertakings they gave the court in connection with the freezing orders against them. While the applications were dismissed, the court granted permission to appeal. It was also noted that that payment of costs orders in favour of the sanctioned claimant was also licensable.
https://essexcourt.com/effect-of-russian-sanctions-on-pending-litigation-in-english-courts/
https://files.essexcourt.com/wp-content/uploads/2023/01/30114704/PJSC-v-Mints.pdf
https://www.buymeacoffee.com/KoIvM842y
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