Louis Dreyfus Wins Ban On Bank's $11M Russian Suit
Law360, London (April 26, 2021, 6:29 PM BST) -- A London court has blocked a Russian bank from bringing a case in its home country against global commodities group Louis Dreyfus to invalidate an $11 million agreement, ruling that all sales deals between them should be decided under English arbitration.
High Court Judge Neil Calver approved an anti-suit injunction on Friday against International Bank of St. Petersburg to stop its lawsuit against Louis Dreyfus Company Suisse SA, or LDCS, in a Russian court. The judge also ordered the bank to pay £20,000 ($27,700) to Louis Dreyfus for costs in the Russian case and £200,000 in costs for the anti-suit injunction...
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