Renaissance Securities (Cyprus) Limited v Chlodwig Enterprises Limited & Ors

Renaissance Securities (Cyprus) Limited v Chlodwig Enterprises Limited & Ors

The Defendants commenced Russian proceedings in clear breach of English law arbitration agreements. The risk of pre-emptive Russian anti-suit relief justified urgent, without notice, interim anti-suit and anti-anti-suit injunctions, as well as alternative service and non-disclosure orders, to preserve the Claimant's contractual rights and the effectiveness of the court's orders.

Parties
Claimant/applicant: Renaissance Securities (Cyprus) Limited; Defendant/respondent: Chlodwig Enterprises Limited; Defendant/respondent: Adorabella Limited; Defendant/respondent: Gekolina Investments Ltd; Defendant/respondent: Dubhe Holdings Limited; Defendant/respondent: Owl Nebula Enterprises Limited; Defendant/respondent: Perpecia Limited
Jurisdiction
England and Wales
Judgment Date
11 October 2024
Procedural Posture
Commercial Court Urgent Interim Application / Interim Application for Anti Suit and Anti Anti Suit Injunctions, Heard Without Notice
Outcome
Application granted
Legal Topics
Anti Suit Injunctions, Anti Anti Suit Injunctions, Enforcement of Arbitration Agreements, Sanctions, Service Out of Jurisdiction, Urgent Interim Relief
Arbitration Commercial Law Conflict of Laws Anti Suit Injunctions Anti Anti Suit Injunctions Enforcement of Arbitration Agreements Sanctions Service Out of Jurisdiction +1 more

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Parties

Renaissance Securities (Cyprus) Limited

Claimant/applicant

Chlodwig Enterprises Limited

Defendant/respondent

Adorabella Limited

Defendant/respondent

Gekolina Investments Ltd

Defendant/respondent

Dubhe Holdings Limited

Defendant/respondent

Owl Nebula Enterprises Limited

Defendant/respondent

Perpecia Limited

Defendant/respondent

Procedural Posture

Commercial Court Urgent Interim Application / Interim Application for Anti Suit and Anti Anti Suit Injunctions, Heard Without Notice

Legal Issues

  1. 1 Whether to grant anti-suit injunction restraining Russian proceedings in breach of English law arbitration agreements
  2. 2 Whether to grant anti-anti-suit injunction to prevent Defendants from seeking Russian anti-suit relief
  3. 3 Whether to permit alternative service and non-disclosure orders given urgency and risk of pre-emptive action

Ratio Decidendi

The Defendants commenced Russian proceedings in clear breach of English law arbitration agreements. The risk of pre-emptive Russian anti-suit relief justified urgent, without notice, interim anti-suit and anti-anti-suit injunctions, as well as alternative service and non-disclosure orders, to preserve the Claimant's contractual rights and the effectiveness of the court's orders.

Court Disposition

Application granted

Orders

  • Interim anti-suit injunction restraining Defendants from pursuing Russian proceedings in breach of arbitration agreements
  • Interim anti-anti-suit injunction restraining Defendants from seeking Russian anti-suit relief