By Maya Lester QC & Michael O’Kane

English commercial court rejects argument that European sanctions make payment under contract illegal / impossible

The Commercial Court has granted summary judgment to Bank Melli, Persia International Bank and a German bank (DVB Bank SE) to recover over €40 million outstanding under a syndicated post-delivery ship finance facility from a number of Iranian ship owning companies, and to DVB against a number of Iranian guarantors including the Islamic Republic of Iran Shipping Lines in respect of...

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About Maya Lester QC

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Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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