The hearing of preliminary issues in LIC SAR & Empreno Ventures Ltd v VTB Capital et al [2018] EWHC 169 (Comm) in London provides an important insight into the range of issues that the court might consider appropriate to hear at a preliminary stage. The case serves as a warning as to the potential for significant wasted costs when engaging with complex matters in preliminary hearings. The full article in Law360.com can be read here.