BARCLAYS BANK PLC V VEB.RF

[2024] EWHC 2981 (Comm), King's Bench Division, Commercial Court, His Honour Judge Pelling KC sitting as a High Court Judge, 19 November 2024

Arbitration – Jurisdiction – Preliminary determination of jurisdiction by the court – Arbitration Act 1996, section 32

In June 2005 the claimant BB, a UK-based bank, and defendant VEB, a Russian bank, entered into an agreement on the 1992 ISDA Master Agreement form. This provided for LCIA arbitration before a sole arbitrator.