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Factual Connections And Frozen Payments: The Supreme Court's Landmark Ruling On Russian Sanctions And Letters Of Credit
On 25 March 2026, the Supreme Court handed down its unanimous judgment in UniCredit Bank GmbH, London Branch v Celestial Aviation Services Ltd and v Constitution Aircraft Leasing (Ireland) 3 Ltd [2026] UKSC 10, dismissing the appellants’ appeals and allowing the Bank’s cross-appeals.
PCB Byrne