Mischief managed: More clarity in respect of payment obligations in contracts affected by sanctions
Parties whose contractual dealings have been affected by the imposition of sanctions now have increased clarity over their rights and obligations, following the Supreme Court’s decision in UniCredit Bank GmbH, London Branch v Constitution Aircraft Leasing (Ireland) 3 Ltd and another [2026] UKSC 10. In short, where sanctions prohibit a party from making an agreed payment: […]