The special status of arbitration agreements under English law
The special status of arbitration agreements under English law
Finally it should be noted that English law attaches a particular value to an agreement to arbitrate disputes, and to ensuring that such agreements operate in a businesslike way, and are not undermined. The particular policy issues at play in this area are reflected in the special rule for the construction of arbitration agreements in Fiona Trust, the greater readiness to grant anti-suit injunctions than for EJCs (Nori Holding Ltd v Public Joint Stock Company ‘Bank Otkritie Financial Corpn’ [2018] EWHC 1343 (Comm), [106]); in the development of the “quasi-contractual” injunction jurisdiction, and in the injunctive jurisdiction to prevent collateral attacks on the arbitral process or the court’s supervisory role (Sodzawiczny v Smith [2024] EWHC 231 (Comm)). In the course of resolving the legal issues which follow, it is important to keep the particular context in mind, and to recognise that the court is not concerned with a wholly conventional exercise in contractual analysis. With that I turn to the authorities.
- 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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