By Maya Lester KC & Michael O’Kane

UK High Court adjourns VTB Petraco trial & considers OFSI licensing delay & legal expenses GL

Judgment here in VTB Commodities Trading DAC v Petraco Oil Company SA [2022] EWHC 2795 (Comm, 4.11.2022).  The judgment relates to a dispute between VTB and Petraco about delivery of a cargo of oil. VTB was UK sanctioned in February 2022, and VTB Commodities applied for a licence for legal fees and to be able to pay security for costs in …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’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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