Summary

Introduction

IN THE MATTER OF a Partial Final Arbitral Award dated 11 June 2025 by Prof Douglas Jones, the Rt Hon Beverley McLachlin and Sir Nigel Teare.

On 31 October 2025, this Court granted leave to the Applicant (" Enforcement Order ") to enforce an award dated 11 June 2025 (amended on 12 August 2025) (" Award ") which was made in an arbitration before the London Court of International Arbitration (" Arbitration "). The Arbitration was commenced by the Applicant against the Respondent for payment under guarantees issued by the Respondent as security for a third party's performance under a Contract dated 29 December 2021 (" Contract ") for the provision of engineering and technical services, the supply of goods and the execution of works at a metallurgical plant in Russia.

Under the Award, the Respondent was ordered to pay to the Applicant the total sum of EUR 30,012,624.18 under the three guarantees, with interest from 13 December 2022 until payment.

The parties and their dealings

The Applicant is a Russian company, said to be the world's largest producer of high grade nickel and palladium. ...