English judgment says UK & US sanctions didn’t affect obligation to pay under letter of credit

24 March 2023

The Commercial Court yesterday gave judgment in Celestial Aviation Services v UniCredit Bank and Celestial Aviation Services Limited v. UniCredit Bank AG. UniCredit refused to make payment to aircraft lessors under letters of credit...

Subscribe for full access

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 rights & civil liberties. She has a particular expertise in sanctions.