UK court says US secondary sanctions are a ‘mandatory provision of law’

Yesterday (12 September 2019) the English High Court gave judgment in a claim brought by a Cypriot lender (Lamesa) against an English borrower (Cynergy) about the interpretation of a loan agreement which provided that the borrower would not be in default if it refused to make repayments “in order to comply with any mandatory provision of law” – Lamesa Investments Limited …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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