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Court confirms LCIA tribunal has jurisdiction over dispute (VTB Commodities Trading DAC v JSC Antipinsky Refinery)

Published on: 10 December 2019
Published by: LexisPSL
  • Court confirms LCIA tribunal has jurisdiction over dispute (VTB Commodities Trading DAC v JSC Antipinsky Refinery)
  • What are the practical implications of this judgment?
  • What was the background?
  • What did the court decide?
  • Substantial costs saving
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  • The court’s decision on jurisdiction
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Article summary

Arbitration analysis: Mr Justice Teare, in the Commercial Court, confirmed that a London Court of International Arbitration (LCIA) arbitral tribunal had substantive jurisdiction to determine a dispute referred to it, following an application by the claimant (with the tribunal’s permission) to the court to decide this issue pursuant to section 32 of the Arbitration Act 1996 (AA 1996). Among other matters, the court concluded that the claimant’s application to a Russian court for injunctive relief in support of the arbitration did not amount to a repudiatory breach of the party’s arbitration agreement. or take a trial to read the full analysis.

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