England and Wales High Court of Justice, 6 June 2018, Nori Holdings Limited, Centimila Services Limited and Coniston Management Limited v. Public Joint-Stock Company “Bank Otkritie Financial Corporation”, [2018] EWHC 1343 (Comm)

Nori Holdings Limited and Centimila Services Limited, the first and second Claimants respectfully, are Cypriot-incorporated companies. Coniston Management Limited, the third Claimant, is a BVI registered company. Bank Otkritie Financial Corporation, Defendant, is a licensed Russian bank (“Bank”). The abovementioned entities entered into numerous financial agreements, which contained different arbitration clauses. During Defendant’s temporary administration, [...]