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Contact

Contact with chambers should be made through the Practice Management Team. They are happy to discuss client requirements and provide further information on such matters as the expertise and experience of individual members, fees, working practices and languages spoken. We have members able to work in French, German, Italian, Spanish, Dutch, Swedish, Greek and Chinese (Mandarin).

Outside working hours, a member of our team is always available to be contacted on matters of an urgent nature. Contact should be made using the Chambers main number or email.

To contact our Singapore office, please contact our BD Director, Asia, Rachel Foxton. Out of office hours calls will automatically be diverted to our clerking team in London.

London

20 Essex Street
London
WC2R 3AL

enquiries@twentyessex.com
t: +44 20 7842 1200
DX 0009 Lond/Chan Lane

Singapore

28 Maxwell Road
#02-03
Maxwell Chambers Suites
Singapore 069120

singapore@twentyessex.com
t: +65 62257230

Contact

Contact with chambers should be made through the Practice Management Team. They are happy to discuss client requirements and provide further information on such matters as the expertise and experience of individual members, fees, working practices and languages spoken. We have members able to work in French, German, Italian, Spanish, Dutch, Swedish, Greek and Chinese (Mandarin).

Outside working hours, a member of our team is always available to be contacted on matters of an urgent nature. Contact should be made using the Chambers main number or email.

To contact our Singapore office, please contact our BD Director, Asia, Rachel Foxton. Out of office hours calls will automatically be diverted to our clerking team in London.

London

20 Essex Street
London
WC2R 3AL

enquiries@twentyessex.com
t: +44 20 7842 1200
DX 0009 Lond/Chan Lane

Singapore

28 Maxwell Road
#02-03
Maxwell Chambers Suites
Singapore 069120

singapore@twentyessex.com
t: +65 62257230

09/11/2017

"Sovereign debt enforcement in English Courts: Ukraine and Russia meet in the Court of Appeal in USD 3 bn Eurobonds dispute" by Monica Feria-Tinta and Alistair Wooder

This is an archived article, and some links may not work. Contact us if you have any questions.

In this 20 Essex Street Bulletin Monica Feria-Tinta and Alistair Wooder  examine  Blair J’s decision in Law Debenture Trust Corp plc v Ukraine [2017] EWHC 655 (Comm), in which Russia was granted summary judgment in a claim for USD 3bn due under Eurobonds issued by Ukraine, to be heard in the coming months by the Court of Appeal. The case revolves around sovereign bonds issued by Ukraine to Russia, on payment of which Ukraine subsequently defaulted.However, what would have otherwise been a straightforward banking case before an English court, became a case in which public international law arguments took centre stage, necessitating a judgment of almost one hundred pages.   

The authors argue that this case will test the boundaries of the doctrine of non-justiciability in English Courts in claims relating to foreign affairs of two sovereign States. The Judge declined to stay the proceedings, but Monica Feria-Tinta and Alistair Wooder submit that there may, in fact, have been a third way. They further observe that this case neatly exemplifies the complexity and diversity of the matters litigated in the English courts, which, more and more often include public international law arguments and foreign states litigating as private persons. 

The briefing can be found below.


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