H THE CLAIM FOR AN ANTI-ENFORCEMENT INJUNCTION
H THE CLAIM FOR AN ANTI-ENFORCEMENT INJUNCTION
There is “no jurisdictional requirement that an anti-enforcement injunction will only be granted in exceptional cases” (SAS Institute, [93]). It has become increasingly common for relief of this kind to be granted in anti-suit injunction cases concerning proceedings in Russia, because of the risk that the Russian court will not permit proceedings to be discontinued even if the party who has commenced those proceedings seeks such an order: see for example Deutsche Bank AG v RusChemAlliance LLC [2023] EWCA Civ 1144, [43] (Nugee LJ); Airbus Canada Ltd Partnership v Joint Stock Company Ilyushin Finance Co [2024] EWHC 790 (Comm), [24] (HHJ Pelling KC) and my judgment in Barclays Bank plc v PJSC Sovcombank [2024] EWHC 1338 (Comm), [14].
There is evidence from Mr Holiner of such a risk here. The JPM Entities clearly have assets in a number of jurisdictions against which efforts to enforce a Russian judgment might be made. In these circumstances, I am satisfied that it is appropriate to grant the anti-enforcement injunctions sought.
- 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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