Sophie Davis

May 30, 2023 | jdsupra.com | Jonathan Benson |Philip Carstairs |Sophie Davis

One of the many legal consequences of Russia’s full-scale invasion of Ukraine in February last year was that businesses were faced with having to analyse the exact remit of sanctions laws and the extent to which they caught payment obligations under pre-existing arrangements, often in very short timescales and while the laws were changing. Here the High Court looks at that very question in the context of payment obligations under some letters of credit.