UK Ruling Shows Tool For Taming Multijurisdictional Disputes

Law360 (April 13, 2021, 4:34 PM EDT) -- Judges and arbitrators increasingly puzzle over the complexities raised by multijurisdictional disputes.

A recent U.K. High Court judgment, PJSC National Bank Trust and PJSC Otkritie Financial Corp. v. Mints, in the English branch of one such dispute suggests that parties should be prepared for judges to use the full set of tools at their disposal, including fee-shifting and perhaps other sanctions as well, to mitigate, as far as possible, the risk of discordant outcomes across courts and tribunals concurrently considering the same or similar factual allegations.

Allegations of Fraud Far and Wide

The judgment of the Commercial Court in London on...

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