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Judgment Available on BAILII @ https://www.bailii.org/ew/cases/EWHC/Comm/2023/2866.html
'''Summary''APPLICATION FOR SUMMARY JUDGMENT ON CLAIM FOR UNPAID PART OF PURCHASE PRICE FOR CRUDE OIL: TRADE SANCTIONS: WHETHER APPLICABLE UNDER RELEVANT CONTRACT: WHETHER 2019 REGUALTIONS APPLIED: WHETHER PRESIDENT PUTIN' '''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.S POSITION AS HEAD OF A COMMAND ECONOMY MEANT THAT HE WAS IN CONTROL OF ANY PARTY TO THESE PROCEEDINGS: WHETHER THERE WAS ANY COMPELLING REASON WHY THE DISPUTE SHOUOLD GO TO TRIAL'''
DMC/SandT/24/01
