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DMC/SandT/24/02
'''England'''
'''Litasco SA v Der Mond Oil & Gas Africa SA'''
'''English Commercial Court: Foxton J: [2023] EWHC 2866 (Comm): 15 November 2023:[[https://www.onlinedmc.co.uk/index.php/Litasco_SA_v_Der_Mond_Oil_and_Gas_SA]]
Judgment Available on BAILII @ https://www.bailii.org/ew/cases/EWHC/Comm/2023/2866.html
'''Summary'''
'''Sellers succeeded in their application for summary judgment, for the sums owed by Buyers under an addendum to a deed of payment entered into by the parties after Buyers had defaulted in payment of the balance due under a sale contract for crude oil. The defences raised by Buyers, which were based on trade sanctions, on the grounds that Sellers had connections with Russia, were dismissed by the High Court. The Judge held that Buyers had no defence under the terms of the relevant contract, that they could not rely on the Russia (Sanctions) (EU Exit) Regulations 2019 (the “2019 Regulations”) and there was no other compelling reason why the dispute should proceed to a trial. The Judge also held that the powers of President Putin, as the head of a command economy, did not amount in this case to “control” of any party engaged in these proceedings.'''
DMC/SandT/24/01
