FH Holding Moscow Limited (Appellant/Claimant) v AO UniCredit Bank and another (Respondents/Defendants)
Monday 30 – Tuesday 31 March 2026
By Appellant’s Notice filed on 16 January 2026 the Appellant appeals the decision of the High Court delivered on 25 November 2025 following trial.
FHM, a Cyprus company operating only in Russia, took out loans under an English‑law Facility Agreement with a VIAC arbitration clause, while the related Russian‑law Mortgage Agreement required disputes to go to the Moscow Commercial Court. After payment issues linked to the Russia‑Ukraine conflict and sanctions, AO UniCredit Bank began foreclosure proceedings in Moscow. FHM said no default had occurred and argued the dispute should go to VIAC arbitration, so it asked the English court for an anti‑suit injunction (ASI) to stop AO and its parent SPA from pursuing the Moscow case.
The English court refused the ASI, granted summary judgment to the parent company of AO UniCredit Bank, and upheld AO’s jurisdiction challenge. The ASI claim could not proceed.
View Hearing:
Day 1