UniCredit will appeal to the UK Supreme Court in December 2025 over its right to withhold $69.3 million in payments for Russian aircraft leases, in a case that could clarify how UK sanctions affect commercial obligations and the use of letters of credit involving sanctioned entities.

In an article published by Law360, Liam Lane offered his expert insights which were featured in the article discussing the Celestial Aviation case.

Please read the full article here. 

Please note that this article is behind a paywall.