LLR: Financial Crime

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CELESTIAL AVIATION SERVICES LTD v UNICREDIT BANK GMBH, LONDON BRANCH (FORMERLY UNICREDIT BANK AG, LONDON BRANCH) AND BETWEEN : (1) CONSTITUTION AIRCRAFT LEASING (IRELAND) 3 LTD (2) CONSTITUTION AIRCRAFT LEASING (IRELAND) 5 LTD v UNICREDIT BANK GMBH, LONDON BRANCH (FORMERLY UNICREDIT BANK AG, LONDON BRANCH)

[2024] Lloyd's Rep FC 243

COURT OF APPEAL(CIVIL DIVISION)

Before Lord Justice Males,Lord Justice Snowden,Lady Justice Falk

Sanctions – Banking – Statutory interpretation – Letters of Credit – Aircraft leasing – Russia (Sanctions) (EU Exit) Regulations 2019 (SI 2019 No 855) – Russia Sanctions (EU Exit) (Amendment (No 3) Regulations 2022 (SI 2022 No 195).

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