Barclays Bank PLC v PJSC Sovcombank & Anor

CourtQueen's Bench Division (Commercial Court)
JudgeHis Honour Judge Pelling Kc
Neutral Citation[2024] EWHC 834 (Comm)
Date26 March 2024
Year2024
CounselMs . Louise Hutton Kc
Neutral Citation Number: [2024] EWHC 834 (Comm)
Case No: CL-2024-000184
IN THE HIGH COURT OF JUSTICE
BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES
COMMERCIAL COURT
The Rolls Building
7 Rolls Buildings
Fetter Ln
London EC4A 1NL
Date: Tuesday, 26th March 2024
Before:
HIS HONOUR JUDGE PELLING KC
(sitting as a Judge of the High Court)
- - - - - - - - - - - - - - - - - - - - -
Between:
BARCLAYS BANK PLC Claimant /
Applicant
- and -
(1) PJSC SOVCOMBANK
(2) LLC SODEISTVIE MEZHDUNARODNYM
RASCHETAM
Defendants /
Respondents
- - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - -
MS. LOUISE HUTTON KC appeared on behalf of the Claimant/Applicants
THE DEFENDANTS/RESPONDENTS were not present and were not represented
- - - - - - - - - - - - - - - - - - - - -
Approved Judgment
(In Private)
Transcript of the Stenograph Notes of Marten Walsh Cherer Ltd.,
2nd Floor, Quality House, 6-9 Quality Court, Chancery Lane, London WC2A 1HP.
Telephone No: 020 7067 2900. DX 410 LDE
Email: info@martenwalshcherer.com
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7 cases
  • J.P. Morgan International Finance Ltd v Werealize.com Ltd
    • United Kingdom
    • King's Bench Division (Commercial Court)
    • 18 July 2025
    ...that those proceedings are vexatious and oppressive: for example the English sanctions legislation considered in Barclays Bank Plc v PJSC Sovcombank [2024] EWHC 834 (Comm), [25], Renaissance Securities, [56], [59]–[60] and JP Morgan, 138 However, the fact that a foreign court may apply a di......
  • Investec Bank Plc v Pavlo Protopapa
    • United Kingdom
    • King's Bench Division (Commercial Court)
    • 8 December 2025
    ...create a contractual estoppel preventing the Defendants from denying that England is the most appropriate forum ( Barclays Bank Plc v PJSC Sovcombank [2024] EWHC 834 (Comm), para. 6, 24, 33). Contractual estoppel arises where the parties have concluded a binding contract containing an ackno......
  • JP Morgan Securities Plc and Others JPmorgan Chase Bank, N.A., London Branch and Others v VTB Bank PJSC
    • United Kingdom
    • King's Bench Division (Commercial Court)
    • 5 June 2025
    ...In relation to that last point, at [59], Singh LJ referred to the following passage in HHJ Pelling KC's judgment in Barclays Bank plc v PJSC Sovcombank [2024] EWHC 834 (Comm), [25]: “It might have been said on behalf of the defendants or Sovcombank at any rate that commencing proceedings in......
  • Investec Bank Plc v Pavlo Protopapa
    • United Kingdom
    • Queen's Bench Division (Commercial Court)
    • 8 December 2025
    ...create a contractual estoppel preventing the Defendants from denying that England is the most appropriate forum ( Barclays Bank Plc v PJSC Sovcombank [2024] EWHC 834 (Comm), para. 6, 24, 33). Contractual estoppel arises where the parties have concluded a binding contract containing an ackno......
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