Renaissance Securities (Cyprus) Ltd v ILLC Chlodwig Enterprises & Ors [2024] EWHC 2460 (Comm) (19 September 2024)

Renaissance Securities (Cyprus) Ltd v ILLC Chlodwig Enterprises & Ors [2024] EWHC 2460 (Comm) (19 September 2024)

The amendments to the order are necessary to clarify and enforce the Defendants' obligations to terminate Russian proceedings and to prohibit steps that would undermine the termination, including objecting to appeals against termination. The court has jurisdiction to make such orders, including on an ex parte basis where notice is insufficient, provided liberty to apply is granted.

Citation
[2024] EWHC 2460 (Comm)
Parties
Claimant: Renaissance Securities (Cyprus) Limited; Defendant: ILLC Chlodwig Enterprises; Defendant: ILLC Adorabella; Defendant: Gekolina Investments Ltd; Defendant: Dubhe Holdings Limited; Defendant: Owl Nebula Enterprises Limited; Defendant: Perpecia Limited
Jurisdiction
England and Wales
Judgment Date
19 September 2024
Procedural Posture
Commercial Court Application for Amendment/clarification of Order / Application for Amendment/clarification of Previous Order
Outcome
Application granted
Legal Topics
Injunctions, Enforcement of Arbitration Agreements, Jurisdiction, Service of Process
Commercial Law Civil Procedure Injunctions Enforcement of Arbitration Agreements Jurisdiction Service of Process

Case Brief

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Parties

Renaissance Securities (Cyprus) Limited

Claimant

ILLC Chlodwig Enterprises

Defendant

ILLC Adorabella

Defendant

Gekolina Investments Ltd

Defendant

Dubhe Holdings Limited

Defendant

Owl Nebula Enterprises Limited

Defendant

Perpecia Limited

Defendant

Procedural Posture

Commercial Court Application for Amendment/clarification of Order / Application for Amendment/clarification of Previous Order

Legal Issues

  1. 1 Whether further amendments to the existing order are necessary to clarify the obligations of the Defendants regarding Russian proceedings
  2. 2 Whether prohibitory and mandatory orders should be extended and clarified for all Defendants, including Chlodwig and Adorabella
  3. 3 Whether the application can proceed ex parte against certain Defendants due to insufficient notice

Ratio Decidendi

The amendments to the order are necessary to clarify and enforce the Defendants' obligations to terminate Russian proceedings and to prohibit steps that would undermine the termination, including objecting to appeals against termination. The court has jurisdiction to make such orders, including on an ex parte basis where notice is insufficient, provided liberty to apply is granted.

Court Disposition

Application granted

Orders

  • Amendments to the existing order are made to clarify and extend mandatory and prohibitory obligations on all Defendants regarding Russian proceedings, including requiring active objection to appeals against termination and prohibiting steps to continue the proceedings.