UNICREDIT BANK GMBH V RUSCHEMALLIANCE LLC

[2025] EWCA Civ 99, Court of Appeal, Sir Geoffrey Vos MR, Lady Justice Asplin and Lord Justice Phillips, 11 February 2025

Arbitration – Anti-suit injunction – Whether court could revoke or vary permanent anti-suit injunction – CPR 3.1(7)

In July and September 2021 RCA, a Russian company, entered into two contracts with German Contractors, relating to the construction of a plant in Leningrad. The contract price was around €10 billion, including advance payments of around €2 billion. Payment was to be made in stages.