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    [2025] EWHC 1368 (Comm)
    Commercial Court

    [2025] EWHC 1368 (Comm)

    Fecha: 05-Jun-2025

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    • Heading
    • A INTRODUCTION
    • The parties
    • The evidence
    • The UMAA
    • The Client Agreement
    • The ISDA Master Agreement
    • The Terms
    • The Correspondent Bank Account
    • C THE BACKGROUND
    • Proceedings in the Russian courts
    • D THE “WHOLLY CONTRACTUAL” ANTI-SUIT CLAIMS
    • The UMAA and the Client Agreement
    • The 2017 Terms
    • Which of the JPM Entities are entitled to enforce the 2017 Terms Arbitration Agreement?
    • What is the effect of the contractual hierarchy provisions on the status of the 2017 Terms Arbitration Agreement in relation to the various claims brought by VTB?
    • The ISDA Master Agreement
    • E THE APPLICATION BY A CONTRACTING PARTY TO RESTRAIN CLAIMS AGAINST NON-CONTRACTING PARTIES AS A MATTER OF CONTRACT
    • Contractual promises not to sue third parties
    • Cases where a third party seeks to enforce a contractual right which is subject to an arbitration agreement
    • The special status of arbitration agreements under English law
    • The authorities
    • The construction argument
    • An implied term
    • F THE APPLICATION TO RESTRAIN CLAIMS ON THE “VEXATIOUS AND OPPRESSIVE” BASIS
    • The UMAA and Client Agreement Claims
    • The ISDA Claim
    • G SHOULD THE COURT REFUSE TO MAKE THE INJUNCTION IN THE EXERCISE OF ITS DISCRETION?
    • H THE CLAIM FOR AN ANTI-ENFORCEMENT INJUNCTION
    • I VTB’S CHALLENGE TO JURISDICTION
    • Forum non conveniens
    • Alternative service
    • Conclusions

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