ZEPHYRUS CAPITAL AVIATION PARTNERS 1D LTD AND OTHERS V FIDELIS UNDERWRITING LTD AND OTHERS

[2024] EWHC 734 (Comm), King's Bench Division, Commercial Court, Mr Justice Henshaw, 28 March 2024

Reinsurance – Conflict of laws – Stay of English proceedings – Claimants bound by Russian exclusive jurisdiction clauses in insurance contracts providing for direct claims against Reinsurers – Whether English proceedings should be stayed – Whether substantial risk that fair trial would not be conducted in Russia

The claimants were owners, lessors, financing banks or managers of some 306 aircraft and 40 aircraft engines which were leased to Russian airlines under leases governed by English, Californian or New York law.