Court of Appeal finds US secondary sanctions are a “mandatory provision of law” in UK contract

The Court of Appeal of England & Wales has dismissed Lamesa’s appeal in Lamesa Investments Limited v Cynergy Bank Limited [2020] EWCA Civ 821. Previous post on the High Court’s judgment here. Cynergy Capital Ltd borrowed £30 million of Tier 2 Capital from Lamesa Investments Ltd, a Cyrus company, in 2017. Lamesa’s parent company was owned by Viktor Vekselberg, and …

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About Maya Lester QC

Maya Lester QC

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 rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...

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