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

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

The Defendants are bound by arbitration clauses requiring LCIA arbitration in London; their pursuit of Russian proceedings is in clear breach. Prohibitory and mandatory anti-suit injunctions are necessary and justified due to ongoing breaches, risk of prejudice, and risk of evasion of service. Adjournment is refused as Defendants had ample opportunity to secure representation and failed to justify delay. Dispensation with personal service is warranted due to risk of deliberate evasion.

Parties
Claimant: Renaissance Securities (Cyprus) Limited; Defendants: Illc Chlodwig Enterprises & Others
Jurisdiction
England and Wales
Judgment Date
23 July 2024
Procedural Posture
Commercial / Interlocutory Application for Continuation of Anti Suit and Anti Anti Suit Injunctions and Interim Mandatory Anti Suit Relief
Outcome
Application granted
Legal Topics
Anti Suit Injunctions, Arbitration Agreements, Enforcement of Arbitration Clauses, Sanctions Compliance, Service of Process, Mandatory Injunctions
Arbitration Injunctions Sanctions Anti Suit Injunctions Arbitration Agreements Enforcement of Arbitration Clauses Sanctions Compliance Service of Process +1 more

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Parties

Renaissance Securities (Cyprus) Limited

Claimant

Illc Chlodwig Enterprises & Others

Defendants

Procedural Posture

Commercial / Interlocutory Application for Continuation of Anti Suit and Anti Anti Suit Injunctions and Interim Mandatory Anti Suit Relief

Legal Issues

  1. 1 Whether the Defendants are in breach of arbitration agreements by pursuing Russian proceedings
  2. 2 Whether prohibitory and mandatory anti-suit injunctions should be continued/granted
  3. 3 Whether personal service should be dispensed with due to risk of evasion

Ratio Decidendi

The Defendants are bound by arbitration clauses requiring LCIA arbitration in London; their pursuit of Russian proceedings is in clear breach. Prohibitory and mandatory anti-suit injunctions are necessary and justified due to ongoing breaches, risk of prejudice, and risk of evasion of service. Adjournment is refused as Defendants had ample opportunity to secure representation and failed to justify delay. Dispensation with personal service is warranted due to risk of deliberate evasion.

Court Disposition

Application granted

Orders

  • Continuation of prohibitory anti-suit and anti-anti-suit injunctions against the Defendants
  • Interim mandatory anti-suit injunction requiring Defendants to withdraw Russian proceedings